Models comparison

Ccmt

Count Ccmt

0.01

                Formula: count_ccmt~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:26:10 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.6999e-01  1.1114e-02  78.2797 < 2.2e-16 ***      
                gdp           -8.1168e-14  1.4945e-13  -0.5431 0.5873534          
                pop            1.1476e-07  1.9239e-07   0.5965 0.5511804          
                brown_patents  6.8907e-01  4.3532e-02  15.8288 < 2.2e-16 ***      
                idAUT          1.1208e+01  2.4695e+01   0.4539 0.6501665          
                idBEL         -6.1524e+00  2.4660e+01  -0.2495 0.8031053          
                idBRA         -4.4339e+01  4.1398e+01  -1.0711 0.2847768          
                idCAN         -1.4967e+01  2.4990e+01  -0.5989 0.5495526          
                idCHE          6.6858e+00  2.4705e+01   0.2706 0.7868177          
                idCHN          1.0775e+01  2.5101e+02   0.0429 0.9657817          
                idDEU          2.0421e+02  4.5371e+01   4.5010 8.836e-06 ***      
                idDNK          2.0036e+01  2.4769e+01   0.8089 0.4190452          
                idESP         -6.1955e+00  2.4958e+01  -0.2482 0.8040742          
                idFIN         -1.8237e+01  2.4808e+01  -0.7351 0.4626791          
                idFRA          4.2113e+01  2.7364e+01   1.5390 0.1245815          
                idGBR          1.4154e+01  2.6471e+01   0.5347 0.5931361          
                idIND         -1.3466e+02  2.3266e+02  -0.5788 0.5630660          
                idISR          1.5201e+00  2.4714e+01   0.0615 0.9509864          
                idITA          1.1469e+01  2.5632e+01   0.4475 0.6547833          
                idJPN          8.2225e+02  9.0267e+01   9.1091 < 2.2e-16 ***      
                idKOR          3.7285e+02  1.6905e+02   2.2056 0.0279679 *        
                idNLD          9.1319e+00  2.4616e+01   0.3710 0.7108525          
                idNOR         -5.0474e+01  2.5014e+01  -2.0179 0.0442578 *        
                idRUS         -6.3363e+01  3.4248e+01  -1.8501 0.0650228 .        
                idSGP         -1.8766e+01  2.4829e+01  -0.7558 0.4502035          
                idSWE          8.9654e+00  2.4689e+01   0.3631 0.7166933          
                idTWN          8.0732e+01  2.4948e+01   3.2360 0.0013110 **       
                idUSA         -5.7664e+01  7.8544e+01  -0.7342 0.4632745          
                time2001      -5.7588e+00  2.3080e+01  -0.2495 0.8030915          
                time2002      -2.0174e+01  2.3064e+01  -0.8747 0.3822536          
                time2003       4.1740e+00  2.3074e+01   0.1809 0.8565397          
                time2004       3.3194e+01  2.3081e+01   1.4381 0.1511593          
                time2005       2.4798e+01  2.3075e+01   1.0746 0.2831756          
                time2006       2.5483e+01  2.3086e+01   1.1038 0.2703129          
                time2007       4.6014e+01  2.3300e+01   1.9748 0.0489600 *        
                time2008       5.3460e+01  2.3409e+01   2.2838 0.0228975 *        
                time2009       6.1871e+01  2.3755e+01   2.6046 0.0095346 **       
                time2010       8.2490e+01  2.3754e+01   3.4726 0.0005705 ***      
                time2011       2.2694e+01  2.3923e+01   0.9486 0.3433774          
                time2012       1.3000e+01  2.4035e+01   0.5409 0.5888793          
                time2013      -4.6662e+01  2.3970e+01  -1.9466 0.0522643 .        
                time2014      -1.0300e+01  2.3981e+01  -0.4295 0.6677863          
                time2015      -8.1655e+00  2.4150e+01  -0.3381 0.7354543          
                time2016       2.6579e+01  2.3832e+01   1.1153 0.2653897          
                time2017       4.6274e+01  2.4114e+01   1.9190 0.0556835 .        
                time2018       4.6804e+01  2.4027e+01   1.9480 0.0520997 .        
                time2019      -1.7683e+01  2.4326e+01  -0.7269 0.4676882          
                iis130         8.1220e+02  8.2238e+01   9.8762 < 2.2e-16 ***      
                iis131         7.0619e+02  8.4617e+01   8.3457 1.108e-15 ***      
                iis132         5.6165e+02  8.7449e+01   6.4226 3.734e-10 ***      
                iis133         4.9638e+02  9.0266e+01   5.4991 6.746e-08 ***      
                iis312        -5.3835e+02  8.0306e+01  -6.7038 6.778e-11 ***      
                iis313         4.6522e+02  8.0790e+01   5.7585 1.672e-08 ***      
                iis314         1.7454e+03  8.0101e+01  21.7896 < 2.2e-16 ***      
                iis315         9.9309e+02  8.1521e+01  12.1821 < 2.2e-16 ***      
                iis323        -1.2462e+03  8.1405e+01 -15.3085 < 2.2e-16 ***      
                iis332         3.0489e+02  9.1629e+01   3.3274 0.0009561 ***      
                iis338        -5.7024e+02  8.2326e+01  -6.9266 1.686e-11 ***      
                iis340        -5.3773e+02  8.4339e+01  -6.3758 4.931e-10 ***      
                iis463         3.4790e+02  8.3396e+01   4.1716 3.697e-05 ***      
                iis470        -1.5204e+03  1.0163e+02 -14.9595 < 2.2e-16 ***      
                iis471        -5.3815e+02  9.4375e+01  -5.7022 2.273e-08 ***      
                fesisDEU.2006  3.3236e+02  4.7990e+01   6.9257 1.696e-11 ***      
                fesisDEU.2012 -2.7994e+02  4.2253e+01  -6.6254 1.097e-10 ***      
                fesisKOR.2009  4.6000e+02  7.8263e+01   5.8775 8.663e-09 ***      
                fesisUSA.2005  4.9303e+02  5.4850e+01   8.9886 < 2.2e-16 ***      
                fesisUSA.2013 -6.9755e+02  5.0060e+01 -13.9344 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    4.0946  1   0.04302 *        
                Ljung-Box ARCH(1) 52.1586  1 5.119e-13 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    75.69006      
                R-squared            0.99871      
                Log-lik.(n=475)  -2695.65305      
0.05

                Formula: count_ccmt~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:26:08 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.7835e-01  1.4358e-02  61.1734 < 2.2e-16 ***      
                gdp            4.0631e-13  1.7537e-13   2.3168 0.0210245 *        
                pop           -4.4575e-08  1.6094e-07  -0.2770 0.7819495          
                brown_patents  6.7503e-01  3.8324e-02  17.6139 < 2.2e-16 ***      
                idAUT          9.4268e+00  1.9977e+01   0.4719 0.6372681          
                idBEL         -6.7948e+00  1.9948e+01  -0.3406 0.7335656          
                idBRA         -1.6289e+01  3.4323e+01  -0.4746 0.6353399          
                idCAN         -1.4268e+01  2.0288e+01  -0.7033 0.4822982          
                idCHE          4.8403e+00  1.9981e+01   0.2422 0.8087168          
                idCHN          1.9445e+02  2.0864e+02   0.9320 0.3519060          
                idDEU          1.9609e+02  4.0668e+01   4.8216 2.034e-06 ***      
                idDNK          1.6749e+01  2.0055e+01   0.8352 0.4041293          
                idESP         -2.0345e+00  2.0207e+01  -0.1007 0.9198569          
                idFIN         -1.9452e+01  2.0077e+01  -0.9689 0.3331922          
                idFRA          4.3895e+01  2.3155e+01   1.8957 0.0587339 .        
                idGBR          1.7491e+01  2.1868e+01   0.7998 0.4242844          
                idIND          1.7379e+01  1.9262e+02   0.0902 0.9281529          
                idISR         -1.9660e-01  1.9989e+01  -0.0098 0.9921576          
                idITA          1.6191e+01  2.0816e+01   0.7778 0.4371414          
                idJPN          3.4929e+02  9.8494e+01   3.5463 0.0004374 ***      
                idKOR         -1.8598e+02  1.9622e+02  -0.9478 0.3437881          
                idNLD          7.9873e+00  1.9937e+01   0.4006 0.6889143          
                idNOR         -5.2046e+01  2.0349e+01  -2.5577 0.0109092 *        
                idRUS         -7.8798e+01  2.8679e+01  -2.7476 0.0062780 **       
                idSGP         -1.9665e+01  2.0130e+01  -0.9769 0.3292192          
                idSWE          5.5874e+00  1.9981e+01   0.2796 0.7798991          
                idTWN          7.7942e+01  2.0644e+01   3.7756 0.0001841 ***      
                idUSA          4.0768e+01  6.8440e+01   0.5957 0.5517349          
                time2001       6.9421e+00  1.8810e+01   0.3691 0.7122685          
                time2002      -9.0556e+00  1.8779e+01  -0.4822 0.6299194          
                time2003       1.0791e+01  1.8982e+01   0.5685 0.5700166          
                time2004       3.1949e+01  1.8741e+01   1.7047 0.0890291 .        
                time2005       2.6579e+01  1.8701e+01   1.4212 0.1560376          
                time2006       2.5473e+01  1.8701e+01   1.3622 0.1739239          
                time2007       4.2313e+01  1.8911e+01   2.2375 0.0258095 *        
                time2008       5.1875e+01  1.9002e+01   2.7299 0.0066182 **       
                time2009       6.6887e+01  1.9291e+01   3.4673 0.0005833 ***      
                time2010       6.4091e+01  1.9574e+01   3.2742 0.0011527 **       
                time2011       2.6010e+01  1.9717e+01   1.3192 0.1878796          
                time2012       2.1382e+01  1.9906e+01   1.0742 0.2833993          
                time2013      -3.1172e+01  1.9703e+01  -1.5821 0.1144232          
                time2014      -1.5644e+01  1.9573e+01  -0.7992 0.4246268          
                time2015      -1.3360e+01  1.9675e+01  -0.6790 0.4975212          
                time2016      -6.8910e-01  1.9739e+01  -0.0349 0.9721680          
                time2017       4.6721e+01  1.9724e+01   2.3687 0.0183278 *        
                time2018       4.7877e+01  1.9709e+01   2.4292 0.0155750 *        
                time2019       1.6268e+00  2.0153e+01   0.0807 0.9357040          
                iis130         8.2742e+02  6.7415e+01  12.2735 < 2.2e-16 ***      
                iis131         6.8334e+02  7.2072e+01   9.4814 < 2.2e-16 ***      
                iis132         5.3041e+02  7.6806e+01   6.9058 1.997e-11 ***      
                iis133         4.4063e+02  8.1240e+01   5.4239 1.017e-07 ***      
                iis146        -2.4602e+02  8.8381e+01  -2.7837 0.0056322 **       
                iis307         1.6358e+02  7.0728e+01   2.3128 0.0212478 *        
                iis313         5.3322e+02  7.5958e+01   7.0200 9.699e-12 ***      
                iis314         1.8214e+03  7.2619e+01  25.0812 < 2.2e-16 ***      
                iis315         1.0319e+03  6.7615e+01  15.2609 < 2.2e-16 ***      
                iis320         2.4599e+02  6.8093e+01   3.6125 0.0003423 ***      
                iis323        -1.2439e+03  6.7703e+01 -18.3735 < 2.2e-16 ***      
                iis338        -8.1679e+02  8.9113e+01  -9.1658 < 2.2e-16 ***      
                iis340        -3.2188e+02  7.8060e+01  -4.1235 4.549e-05 ***      
                iis459        -3.1932e+02  7.2339e+01  -4.4142 1.309e-05 ***      
                iis463         3.8344e+02  6.8394e+01   5.6064 3.880e-08 ***      
                iis466         1.8886e+02  6.8995e+01   2.7372 0.0064751 **       
                iis470        -1.5363e+03  8.2997e+01 -18.5104 < 2.2e-16 ***      
                iis471        -5.5194e+02  7.7762e+01  -7.0978 5.899e-12 ***      
                iis473        -1.6452e+02  7.0774e+01  -2.3246 0.0205959 *        
                fesisDEU.2006  3.3189e+02  4.0387e+01   8.2178 2.984e-15 ***      
                fesisDEU.2012 -4.0458e+02  6.8757e+01  -5.8842 8.524e-09 ***      
                fesisDEU.2014  2.7327e+02  6.8841e+01   3.9696 8.550e-05 ***      
                fesisDEU.2019 -4.6958e+02  6.9013e+01  -6.8043 3.768e-11 ***      
                fesisJPN.2003  2.4518e+02  5.5094e+01   4.4502 1.117e-05 ***      
                fesisJPN.2008 -5.9128e+02  7.0159e+01  -8.4277 6.606e-16 ***      
                fesisJPN.2009  4.8078e+02  7.3986e+01   6.4982 2.446e-10 ***      
                fesisKOR.2009  5.8880e+02  6.3775e+01   9.2325 < 2.2e-16 ***      
                fesisKOR.2011 -3.7314e+02  6.1547e+01  -6.0627 3.123e-09 ***      
                fesisKOR.2015  2.1842e+02  7.5187e+01   2.9050 0.0038780 **       
                fesisKOR.2017 -5.1904e+02  7.9611e+01  -6.5197 2.149e-10 ***      
                fesisUSA.2005  3.7601e+02  5.4775e+01   6.8646 2.586e-11 ***      
                fesisUSA.2013 -6.4999e+02  4.7521e+01 -13.6779 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df  p-value         
                Ljung-Box AR(1)   9.2371  1 0.002372 **      
                Ljung-Box ARCH(1) 3.4578  1 0.062955 .       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    61.19593      
                R-squared            0.99918      
                Log-lik.(n=475)  -2588.68416      

Log Count Ccmt

0.01

                Formula: log_count_ccmt~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:27:17 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.662387  0.023167 28.5922 < 2.2e-16 ***      
                lgdp           0.355062  0.069223  5.1292 4.511e-07 ***      
                lpop          -0.323193  0.207356 -1.5586 0.1198597          
                lbrown         0.020836  0.009956  2.0928 0.0369815 *        
                idAUT          0.127741  0.182654  0.6994 0.4847265          
                idBEL         -0.040446  0.137187 -0.2948 0.7682815          
                idBRA         -0.187672  0.452636 -0.4146 0.6786393          
                idCAN          0.178876  0.116292  1.5382 0.1247864          
                idCHE         -0.158900  0.193350 -0.8218 0.4116573          
                idCHN          0.548051  0.813385  0.6738 0.5008266          
                idDEU          0.893091  0.286299  3.1194 0.0019409 **       
                idDNK         -0.791786  0.289455 -2.7354 0.0065023 **       
                idESP          0.187179  0.180917  1.0346 0.3014657          
                idFIN          0.169739  0.268116  0.6331 0.5270383          
                idFRA          0.569899  0.241342  2.3614 0.0186778 *        
                idGBR          0.514404  0.237722  2.1639 0.0310538 *        
                idIND         -0.173039  0.793568 -0.2181 0.8274981          
                idISR         -0.350857  0.208981 -1.6789 0.0939402 .        
                idITA          0.314704  0.223458  1.4083 0.1597950          
                idJPN         -0.543870  0.416062 -1.3072 0.1918875          
                idKOR         -1.465388  0.416747 -3.5163 0.0004869 ***      
                idNLD          0.176301  0.079728  2.2113 0.0275712 *        
                idNOR         -1.238399  0.328035 -3.7752 0.0001837 ***      
                idRUS         -1.251074  0.404935 -3.0896 0.0021421 **       
                idSGP         -0.771283  0.307978 -2.5043 0.0126581 *        
                idSWE         -0.706817  0.204242 -3.4607 0.0005958 ***      
                idTWN          0.412623  0.074038  5.5731 4.561e-08 ***      
                idUSA          0.889619  0.527699  1.6858 0.0925924 .        
                time2001      -2.735544  3.276261 -0.8350 0.4042306          
                time2002      -2.749420  3.277035 -0.8390 0.4019638          
                time2003      -2.674285  3.278780 -0.8156 0.4151863          
                time2004      -2.639875  3.279118 -0.8051 0.4212573          
                time2005      -2.623569  3.279152 -0.8001 0.4241338          
                time2006      -2.562583  3.280877 -0.7811 0.4352175          
                time2007      -2.523048  3.282123 -0.7687 0.4425027          
                time2008      -2.509296  3.282766 -0.7644 0.4450809          
                time2009      -2.455643  3.283557 -0.7479 0.4549760          
                time2010      -2.430268  3.284312 -0.7400 0.4597493          
                time2011      -2.441990  3.285334 -0.7433 0.4577287          
                time2012      -2.500366  3.286473 -0.7608 0.4472139          
                time2013      -2.572231  3.287534 -0.7824 0.4344230          
                time2014      -2.555304  3.289820 -0.7767 0.4377689          
                time2015      -2.581356  3.291595 -0.7842 0.4333634          
                time2016      -2.532452  3.293074 -0.7690 0.4423253          
                time2017      -2.544078  3.294438 -0.7722 0.4404240          
                time2018      -2.522722  3.294894 -0.7656 0.4443308          
                time2019      -2.614639  3.296169 -0.7932 0.4281027          
                iis59         -0.392486  0.102051 -3.8460 0.0001393 ***      
                iis63          0.661847  0.101596  6.5145 2.157e-10 ***      
                iis66         -0.346947  0.101783 -3.4087 0.0007178 ***      
                iis159         0.355257  0.103433  3.4347 0.0006543 ***      
                iis173        -0.463366  0.102334 -4.5280 7.833e-06 ***      
                iis248        -0.399053  0.103677 -3.8490 0.0001377 ***      
                iis269        -0.455332  0.102935 -4.4235 1.248e-05 ***      
                iis279        -0.398860  0.102149 -3.9047 0.0001104 ***      
                iis385         0.373438  0.101722  3.6711 0.0002736 ***      
                iis395        -0.366158  0.101654 -3.6020 0.0003548 ***      
                iis402         0.323868  0.110926  2.9197 0.0036987 **       
                fesisAUS.2005 -0.224431  0.060448 -3.7128 0.0002336 ***      
                fesisCHN.2015  0.251976  0.062096  4.0579 5.939e-05 ***      
                fesisDNK.2005  0.400492  0.110351  3.6293 0.0003204 ***      
                fesisDNK.2006 -0.481444  0.139623 -3.4482 0.0006232 ***      
                fesisDNK.2007  0.305233  0.103165  2.9587 0.0032697 **       
                fesisFIN.2003 -0.217979  0.074381 -2.9306 0.0035741 **       
                fesisISR.2018 -0.307962  0.078033 -3.9465 9.339e-05 ***      
                fesisSGP.2003  0.266138  0.086276  3.0847 0.0021765 **       
                fesisSGP.2008  0.327606  0.087448  3.7463 0.0002054 ***      
                fesisSGP.2010 -0.348744  0.077614 -4.4933 9.150e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    2.6481  1 0.1036719          
                Ljung-Box ARCH(1) 10.9416  1 0.0009403 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.09637      
                R-squared          0.99598      
                Log-lik.(n=475)  471.28759      
0.05

                Formula: log_count_ccmt~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:27:15 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.642032  0.022862 28.0832 < 2.2e-16 ***      
                lgdp           0.399337  0.069796  5.7215 2.082e-08 ***      
                lpop          -0.079162  0.214010 -0.3699 0.7116545          
                lbrown         0.014608  0.009782  1.4934 0.1361369          
                idAUT          0.391805  0.173998  2.2518 0.0248819 *        
                idBEL          0.141559  0.128941  1.0979 0.2729307          
                idBRA         -0.828854  0.456114 -1.8172 0.0699388 .        
                idCAN          0.208865  0.119025  1.7548 0.0800664 .        
                idCHE          0.105247  0.190544  0.5523 0.5810197          
                idCHN         -0.600092  0.815201 -0.7361 0.4620880          
                idDEU          0.575003  0.292561  1.9654 0.0500635 .        
                idDNK         -0.510754  0.298940 -1.7085 0.0883160 .        
                idESP         -0.014627  0.185873 -0.0787 0.9373178          
                idFIN          0.559161  0.260075  2.1500 0.0321586 *        
                idFRA          0.299361  0.245841  1.2177 0.2240608          
                idGBR          0.251323  0.242875  1.0348 0.3013990          
                idIND         -1.370111  0.787310 -1.7402 0.0825912 .        
                idISR         -0.247012  0.228416 -1.0814 0.2801698          
                idITA          0.047667  0.228275  0.2088 0.8347016          
                idJPN         -1.182926  0.387458 -3.0530 0.0024178 **       
                idKOR         -1.946673  0.398229 -4.8883 1.479e-06 ***      
                idNLD          0.255224  0.073012  3.4956 0.0005263 ***      
                idNOR         -0.882458  0.349990 -2.5214 0.0120800 *        
                idRUS         -1.885042  0.389974 -4.8338 1.918e-06 ***      
                idSGP         -0.374856  0.303251 -1.2361 0.2171435          
                idSWE         -0.577271  0.213782 -2.7003 0.0072247 **       
                idTWN          0.395296  0.072824  5.4281 9.936e-08 ***      
                idUSA          0.196516  0.528242  0.3720 0.7100777          
                time2001      -7.944528  3.164430 -2.5106 0.0124502 *        
                time2002      -7.958009  3.165248 -2.5142 0.0123255 *        
                time2003      -7.879444  3.166504 -2.4884 0.0132420 *        
                time2004      -7.868400  3.167072 -2.4844 0.0133869 *        
                time2005      -7.809801  3.166433 -2.4664 0.0140681 *        
                time2006      -7.784167  3.167127 -2.4578 0.0144056 *        
                time2007      -7.721806  3.168352 -2.4372 0.0152411 *        
                time2008      -7.723098  3.170420 -2.4360 0.0152903 *        
                time2009      -7.650113  3.170745 -2.4127 0.0162865 *        
                time2010      -7.620370  3.171510 -2.4028 0.0167301 *        
                time2011      -7.631959  3.172445 -2.4057 0.0165979 *        
                time2012      -7.690546  3.173520 -2.4233 0.0158244 *        
                time2013      -7.765604  3.174694 -2.4461 0.0148745 *        
                time2014      -7.752114  3.176362 -2.4406 0.0151007 *        
                time2015      -7.781345  3.177869 -2.4486 0.0147728 *        
                time2016      -7.735775  3.179343 -2.4331 0.0154093 *        
                time2017      -7.759447  3.180624 -2.4396 0.0151405 *        
                time2018      -7.731549  3.181262 -2.4303 0.0155269 *        
                time2019      -7.836856  3.183078 -2.4620 0.0142391 *        
                iis18         -0.261028  0.094469 -2.7631 0.0059918 **       
                iis59         -0.378863  0.092723 -4.0860 5.313e-05 ***      
                iis63          0.686635  0.092188  7.4482 5.953e-13 ***      
                iis66         -0.350296  0.092474 -3.7881 0.0001753 ***      
                iis98         -0.257725  0.092687 -2.7806 0.0056845 **       
                iis158        -0.305995  0.093203 -3.2831 0.0011177 **       
                iis159         0.329958  0.093471  3.5301 0.0004642 ***      
                iis173        -0.450061  0.093233 -4.8273 1.979e-06 ***      
                iis248        -0.372939  0.094185 -3.9596 8.896e-05 ***      
                iis269        -0.304647  0.103231 -2.9511 0.0033540 **       
                iis270         0.407042  0.103541  3.9312 9.972e-05 ***      
                iis279        -0.355836  0.095295 -3.7340 0.0002160 ***      
                iis395        -0.357856  0.093344 -3.8337 0.0001467 ***      
                iis402         0.398103  0.098814  4.0288 6.719e-05 ***      
                iis403         0.296105  0.097844  3.0263 0.0026370 **       
                iis407         0.483183  0.093801  5.1511 4.087e-07 ***      
                iis408         0.272796  0.093660  2.9126 0.0037864 **       
                fesisAUS.2005 -0.263256  0.056668 -4.6456 4.619e-06 ***      
                fesisCAN.2004 -0.182428  0.057568 -3.1689 0.0016485 **       
                fesisCHN.2015  0.259963  0.057100  4.5528 7.051e-06 ***      
                fesisDNK.2005  0.244681  0.053403  4.5818 6.183e-06 ***      
                fesisFIN.2003 -0.217308  0.067702 -3.2098 0.0014363 **       
                fesisISR.2006  0.302897  0.073813  4.1036 4.939e-05 ***      
                fesisISR.2009 -0.237860  0.064409 -3.6929 0.0002527 ***      
                fesisISR.2018 -0.284319  0.072988 -3.8954 0.0001150 ***      
                fesisNOR.2010 -0.203617  0.046262 -4.4014 1.384e-05 ***      
                fesisNOR.2017  0.237242  0.061734  3.8430 0.0001415 ***      
                fesisRUS.2005  0.233315  0.079174  2.9468 0.0033997 **       
                fesisRUS.2007 -0.512255  0.109545 -4.6762 4.011e-06 ***      
                fesisRUS.2008  0.226194  0.094388  2.3964 0.0170181 *        
                fesisSGP.2003  0.190640  0.074547  2.5573 0.0109195 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   4.1998  1 0.04043 *      
                Ljung-Box ARCH(1) 1.0214  1 0.31219        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.08738      
                R-squared          0.99678      
                Log-lik.(n=475)  522.81058      

Ihs Count Ccmt

0.01

                Formula: ihs_count_ccmt~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:29:29 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.659872  0.023115 28.5468 < 2.2e-16 ***      
                lgdp           0.358951  0.069588  5.1582 3.902e-07 ***      
                lpop          -0.326717  0.208679 -1.5656 0.1182095          
                lbrown         0.020995  0.010026  2.0941 0.0368655 *        
                idAUT          0.129270  0.184045  0.7024 0.4828420          
                idBEL         -0.041099  0.138201 -0.2974 0.7663225          
                idBRA         -0.191287  0.455959 -0.4195 0.6750518          
                idCAN          0.180988  0.117031  1.5465 0.1227637          
                idCHE         -0.160490  0.194713 -0.8242 0.4102871          
                idCHN          0.552373  0.819140  0.6743 0.5004822          
                idDEU          0.901515  0.287911  3.1312 0.0018664 **       
                idDNK         -0.800956  0.291172 -2.7508 0.0062104 **       
                idESP          0.189206  0.182090  1.0391 0.2993837          
                idFIN          0.171017  0.270103  0.6332 0.5269876          
                idFRA          0.575666  0.242795  2.3710 0.0182050 *        
                idGBR          0.519903  0.239160  2.1739 0.0302905 *        
                idIND         -0.175277  0.799458 -0.2192 0.8265697          
                idISR         -0.355198  0.210318 -1.6889 0.0920117 .        
                idITA          0.318282  0.224894  1.4153 0.1577582          
                idJPN         -0.551969  0.419355 -1.3162 0.1888358          
                idKOR         -1.483497  0.419622 -3.5353 0.0004541 ***      
                idNLD          0.178492  0.080291  2.2231 0.0267600 *        
                idNOR         -1.253349  0.329815 -3.8002 0.0001667 ***      
                idRUS         -1.265485  0.408220 -3.1000 0.0020697 **       
                idSGP         -0.804145  0.310096 -2.5932 0.0098511 **       
                idSWE         -0.714405  0.205347 -3.4790 0.0005576 ***      
                idTWN          0.416550  0.074408  5.5982 3.988e-08 ***      
                idUSA          0.897267  0.531172  1.6892 0.0919430 .        
                time2001      -2.538633  3.298935 -0.7695 0.4420246          
                time2002      -2.552552  3.299710 -0.7736 0.4396351          
                time2003      -2.476551  3.301474 -0.7501 0.4536068          
                time2004      -2.441985  3.301813 -0.7396 0.4599757          
                time2005      -2.425412  3.301844 -0.7346 0.4630287          
                time2006      -2.363991  3.303582 -0.7156 0.4746585          
                time2007      -2.323857  3.304839 -0.7032 0.4823532          
                time2008      -2.309854  3.305492 -0.6988 0.4850806          
                time2009      -2.255796  3.306294 -0.6823 0.4954543          
                time2010      -2.230088  3.307058 -0.6743 0.5004767          
                time2011      -2.241564  3.308090 -0.6776 0.4984098          
                time2012      -2.300151  3.309240 -0.6951 0.4874085          
                time2013      -2.372301  3.310309 -0.7166 0.4740071          
                time2014      -2.355566  3.312610 -0.7111 0.4774355          
                time2015      -2.381803  3.314397 -0.7186 0.4727854          
                time2016      -2.332736  3.315885 -0.7035 0.4821445          
                time2017      -2.344432  3.317260 -0.7067 0.4801340          
                time2018      -2.322877  3.317719 -0.7001 0.4842381          
                time2019      -2.415249  3.319004 -0.7277 0.4672138          
                iis59         -0.421932  0.102809 -4.1040 4.907e-05 ***      
                iis63          0.673675  0.102305  6.5850 1.407e-10 ***      
                iis66         -0.352184  0.102500 -3.4359 0.0006512 ***      
                iis159         0.355581  0.104148  3.4142 0.0007040 ***      
                iis173        -0.471783  0.103046 -4.5784 6.235e-06 ***      
                iis248        -0.408249  0.104403 -3.9103 0.0001080 ***      
                iis269        -0.462551  0.103655 -4.4624 1.050e-05 ***      
                iis279        -0.400324  0.102860 -3.8919 0.0001162 ***      
                iis385         0.377756  0.102433  3.6878 0.0002568 ***      
                iis395        -0.369330  0.102361 -3.6081 0.0003468 ***      
                iis402         0.339071  0.111776  3.0335 0.0025724 **       
                fesisAUS.2005 -0.226525  0.060885 -3.7205 0.0002267 ***      
                fesisCHN.2015  0.252946  0.062506  4.0468 6.216e-05 ***      
                fesisDNK.2005  0.403789  0.111121  3.6338 0.0003150 ***      
                fesisDNK.2006 -0.484166  0.140596 -3.4437 0.0006334 ***      
                fesisDNK.2007  0.307768  0.103880  2.9627 0.0032282 **       
                fesisFIN.2003 -0.219684  0.074898 -2.9331 0.0035454 **       
                fesisISR.2018 -0.309701  0.078582 -3.9411 9.544e-05 ***      
                fesisSGP.2003  0.290618  0.086885  3.3449 0.0008996 ***      
                fesisSGP.2008  0.333953  0.088060  3.7923 0.0001718 ***      
                fesisSGP.2010 -0.353490  0.078152 -4.5231 8.005e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    2.5737  1 0.1086542          
                Ljung-Box ARCH(1) 11.0567  1 0.0008837 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.09704      
                R-squared          0.99596      
                Log-lik.(n=475)  467.98899      
0.05

                Formula: ihs_count_ccmt~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:29:29 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.640269  0.022756 28.1366 < 2.2e-16 ***      
                lgdp           0.401743  0.070023  5.7373 1.910e-08 ***      
                lpop          -0.073089  0.214955 -0.3400 0.7340223          
                lbrown         0.014705  0.009843  1.4940 0.1359706          
                idAUT          0.399776  0.175162  2.2823 0.0229983 *        
                idBEL          0.145471  0.129772  1.1210 0.2629800          
                idBRA         -0.851916  0.458763 -1.8570 0.0640536 .        
                idCAN          0.207401  0.119564  1.7346 0.0835810 .        
                idCHE          0.111866  0.191591  0.5839 0.5596335          
                idCHN         -0.631545  0.819685 -0.7705 0.4414778          
                idDEU          0.569559  0.293563  1.9402 0.0530680 .        
                idDNK         -0.506730  0.300082 -1.6886 0.0920739 .        
                idESP         -0.020379  0.186739 -0.1091 0.9131544          
                idFIN          0.570535  0.261713  2.1800 0.0298444 *        
                idFRA          0.293890  0.246814  1.1907 0.2344690          
                idGBR          0.245837  0.243848  1.0082 0.3139936          
                idIND         -1.405540  0.792112 -1.7744 0.0767598 .        
                idISR         -0.243691  0.229488 -1.0619 0.2889325          
                idITA          0.041175  0.229314  0.1796 0.8575920          
                idJPN         -1.202036  0.390311 -3.0797 0.0022163 **       
                idKOR         -1.964457  0.400520 -4.9048 1.367e-06 ***      
                idNLD          0.258208  0.073482  3.5139 0.0004925 ***      
                idNOR         -0.881378  0.351135 -2.5101 0.0124671 *        
                idRUS         -1.913243  0.392888 -4.8697 1.617e-06 ***      
                idSGP         -0.395325  0.304928 -1.2965 0.1955725          
                idSWE         -0.575871  0.214445 -2.6854 0.0075480 **       
                idTWN          0.396995  0.073045  5.4349 9.589e-08 ***      
                idUSA          0.179838  0.530743  0.3388 0.7349083          
                time2001      -7.857405  3.184578 -2.4673 0.0140335 *        
                time2002      -7.870989  3.185394 -2.4710 0.0138940 *        
                time2003      -7.791633  3.186662 -2.4451 0.0149159 *        
                time2004      -7.780845  3.187226 -2.4413 0.0150721 *        
                time2005      -7.721638  3.186579 -2.4232 0.0158319 *        
                time2006      -7.695993  3.187273 -2.4146 0.0162038 *        
                time2007      -7.632929  3.188502 -2.3939 0.0171340 *        
                time2008      -7.634265  3.190578 -2.3928 0.0171865 *        
                time2009      -7.560855  3.190901 -2.3695 0.0182894 *        
                time2010      -7.530832  3.191668 -2.3595 0.0187815 *        
                time2011      -7.542271  3.192607 -2.3624 0.0186378 *        
                time2012      -7.601160  3.193687 -2.3801 0.0177813 *        
                time2013      -7.676536  3.194870 -2.4028 0.0167296 *        
                time2014      -7.663228  3.196552 -2.3973 0.0169758 *        
                time2015      -7.692656  3.198071 -2.4054 0.0166112 *        
                time2016      -7.646952  3.199557 -2.3900 0.0173138 *        
                time2017      -7.670849  3.200846 -2.3965 0.0170140 *        
                time2018      -7.642701  3.201487 -2.3872 0.0174428 *        
                time2019      -7.748601  3.203314 -2.4189 0.0160150 *        
                iis18         -0.263028  0.095058 -2.7670 0.0059218 **       
                iis59         -0.408511  0.093341 -4.3766 1.543e-05 ***      
                iis63          0.698718  0.092760  7.5325 3.391e-13 ***      
                iis66         -0.355496  0.093055 -3.8203 0.0001547 ***      
                iis98         -0.259861  0.093266 -2.7862 0.0055880 **       
                iis158        -0.308119  0.093778 -3.2856 0.0011080 **       
                iis159         0.330591  0.094044  3.5153 0.0004900 ***      
                iis173        -0.457939  0.093806 -4.8818 1.526e-06 ***      
                iis248        -0.381687  0.094771 -4.0275 6.756e-05 ***      
                iis269        -0.309748  0.103871 -2.9820 0.0030400 **       
                iis270         0.412328  0.104189  3.9575 8.972e-05 ***      
                iis279        -0.357349  0.095886 -3.7268 0.0002221 ***      
                iis395        -0.361309  0.093923 -3.8469 0.0001393 ***      
                iis402         0.412959  0.099518  4.1496 4.077e-05 ***      
                iis403         0.300965  0.098455  3.0569 0.0023877 **       
                iis407         0.490583  0.094387  5.1976 3.238e-07 ***      
                iis408         0.276603  0.094241  2.9351 0.0035285 **       
                fesisAUS.2005 -0.265681  0.057037 -4.6581 4.362e-06 ***      
                fesisCAN.2004 -0.183884  0.057936 -3.1739 0.0016211 **       
                fesisCHN.2015  0.260934  0.057443  4.5425 7.386e-06 ***      
                fesisDNK.2005  0.247592  0.053724  4.6086 5.472e-06 ***      
                fesisFIN.2003 -0.218624  0.068117 -3.2095 0.0014376 **       
                fesisISR.2006  0.306084  0.074270  4.1212 4.590e-05 ***      
                fesisISR.2009 -0.239813  0.064810 -3.7003 0.0002458 ***      
                fesisISR.2018 -0.286448  0.073444 -3.9002 0.0001128 ***      
                fesisNOR.2010 -0.205145  0.046543 -4.4077 1.347e-05 ***      
                fesisNOR.2017  0.239788  0.062117  3.8603 0.0001322 ***      
                fesisRUS.2005  0.238078  0.079650  2.9890 0.0029726 **       
                fesisRUS.2007 -0.517166  0.110225 -4.6919 3.731e-06 ***      
                fesisRUS.2008  0.228614  0.094957  2.4076 0.0165153 *        
                fesisSGP.2003  0.215704  0.075015  2.8755 0.0042515 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   4.1501  1 0.04163 *      
                Ljung-Box ARCH(1) 1.0703  1 0.30088        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.08792      
                R-squared          0.99676      
                Log-lik.(n=475)  519.87351      

Max Count Ccmt

0.01

                Formula: max_count_ccmt~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:30:34 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.90310916  0.01527888  59.1083 < 2.2e-16 ***      
                lgdp           0.01935477  0.00493648   3.9208 0.0001038 ***      
                lpop          -0.04647387  0.01602681  -2.8998 0.0039394 **       
                lbrown         0.00054393  0.00078670   0.6914 0.4897067          
                idAUT         -0.01302452  0.01331605  -0.9781 0.3286096          
                idBEL         -0.00601134  0.00998794  -0.6019 0.5476066          
                idBRA          0.08387469  0.03314378   2.5306 0.0117664 *        
                idCAN          0.02086475  0.00768713   2.7142 0.0069286 **       
                idCHE         -0.02880194  0.01477999  -1.9487 0.0520252 .        
                idCHN          0.15375459  0.05959264   2.5801 0.0102313 *        
                idDEU          0.07613276  0.02231882   3.4111 0.0007125 ***      
                idDNK         -0.06610464  0.02268177  -2.9144 0.0037625 **       
                idESP          0.04135657  0.01311940   3.1523 0.0017412 **       
                idFIN         -0.02714724  0.01953645  -1.3896 0.1654290          
                idFRA          0.05650270  0.01761395   3.2078 0.0014445 **       
                idGBR          0.05347935  0.01734470   3.0833 0.0021882 **       
                idIND          0.11298418  0.05675646   1.9907 0.0471923 *        
                idISR         -0.03968651  0.01611128  -2.4633 0.0141855 *        
                idITA          0.04701354  0.01614166   2.9126 0.0037847 **       
                idJPN          0.04583400  0.02903813   1.5784 0.1152586          
                idKOR         -0.06095342  0.02761115  -2.2076 0.0278387 *        
                idNLD          0.00535586  0.00530983   1.0087 0.3137399          
                idNOR         -0.08372677  0.02577986  -3.2478 0.0012608 **       
                idRUS          0.01024845  0.02560261   0.4003 0.6891563          
                idSGP         -0.04005088  0.02109999  -1.8981 0.0583927 .        
                idSWE         -0.05543490  0.01637798  -3.3847 0.0007826 ***      
                idTWN          0.01952122  0.00421172   4.6350 4.832e-06 ***      
                idUSA          0.13952004  0.03951400   3.5309 0.0004621 ***      
                time2001       0.24063320  0.22849887   1.0531 0.2929256          
                time2002       0.23898457  0.22858847   1.0455 0.2964296          
                time2003       0.24281699  0.22867035   1.0619 0.2889346          
                time2004       0.24386866  0.22878264   1.0659 0.2870904          
                time2005       0.24273484  0.22885093   1.0607 0.2894777          
                time2006       0.24294430  0.22898568   1.0610 0.2893458          
                time2007       0.24480643  0.22912099   1.0685 0.2859546          
                time2008       0.24556855  0.22927356   1.0711 0.2847796          
                time2009       0.24743977  0.22943079   1.0785 0.2814600          
                time2010       0.24978092  0.22954035   1.0882 0.2771682          
                time2011       0.24484893  0.22966161   1.0661 0.2870052          
                time2012       0.24220520  0.22980878   1.0539 0.2925424          
                time2013       0.23671540  0.22989538   1.0297 0.3037860          
                time2014       0.24087358  0.22998600   1.0473 0.2955720          
                time2015       0.24109428  0.23006680   1.0479 0.2952997          
                time2016       0.24487627  0.23016396   1.0639 0.2880031          
                time2017       0.24654904  0.23025793   1.0708 0.2849236          
                time2018       0.24479564  0.23035894   1.0627 0.2885694          
                time2019       0.23753273  0.23047950   1.0306 0.3033470          
                iis130         0.09876920  0.00896910  11.0122 < 2.2e-16 ***      
                iis131         0.08118717  0.00948435   8.5601 2.417e-16 ***      
                iis132         0.06669725  0.01000642   6.6654 8.724e-11 ***      
                iis133         0.05880911  0.01048150   5.6108 3.756e-08 ***      
                iis313         0.05836883  0.00964335   6.0528 3.266e-09 ***      
                iis314         0.19300449  0.00926303  20.8360 < 2.2e-16 ***      
                iis315         0.10598928  0.00879586  12.0499 < 2.2e-16 ***      
                iis323        -0.13755864  0.00880219 -15.6278 < 2.2e-16 ***      
                iis332         0.04388965  0.00920610   4.7675 2.613e-06 ***      
                iis338        -0.06322775  0.00876845  -7.2108 2.781e-12 ***      
                iis340        -0.06157394  0.00881125  -6.9881 1.164e-11 ***      
                iis459        -0.03705608  0.00949191  -3.9040 0.0001109 ***      
                iis463         0.03295250  0.00895314   3.6806 0.0002645 ***      
                iis468         0.09186068  0.01009490   9.0997 < 2.2e-16 ***      
                iis469         0.06841750  0.01006908   6.7948 3.924e-11 ***      
                iis470        -0.08532134  0.01016747  -8.3916 8.253e-16 ***      
                iis473        -0.04675528  0.01006968  -4.6432 4.654e-06 ***      
                iis474        -0.04571931  0.01009002  -4.5311 7.747e-06 ***      
                iis475        -0.07685049  0.01017644  -7.5518 2.915e-13 ***      
                fesisDEU.2006  0.03628730  0.00525423   6.9063 1.953e-11 ***      
                fesisDEU.2012 -0.03739709  0.00458000  -8.1653 4.183e-15 ***      
                fesisJPN.2008 -0.05630572  0.00889621  -6.3292 6.588e-10 ***      
                fesisJPN.2009  0.04915875  0.00939315   5.2335 2.685e-07 ***      
                fesisKOR.2009  0.03395689  0.00576007   5.8952 7.933e-09 ***      
                fesisUSA.2005  0.04374648  0.00701438   6.2367 1.133e-09 ***      
                fesisUSA.2012 -0.02805847  0.00776398  -3.6139 0.0003399 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    8.3615  1  0.003833 **       
                Ljung-Box ARCH(1) 48.8008  1 2.833e-12 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00804      
                R-squared           0.99876      
                Log-lik.(n=475)  1653.56901      
0.05

                Formula: max_count_ccmt~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:31:28 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.92700281  0.01397035  66.3550 < 2.2e-16 ***      
                lgdp           0.01756680  0.00429158   4.0933 5.156e-05 ***      
                lpop          -0.03847426  0.01386494  -2.7749 0.0057829 **       
                lbrown         0.00053087  0.00067883   0.7820 0.4346577          
                idAUT         -0.00825468  0.01148222  -0.7189 0.4726207          
                idBEL         -0.00274347  0.00861121  -0.3186 0.7502034          
                idBRA          0.06823698  0.02864520   2.3821 0.0176835 *        
                idCAN          0.01689569  0.00665887   2.5373 0.0115532 *        
                idCHE         -0.02230406  0.01275847  -1.7482 0.0812084 .        
                idCHN          0.12452791  0.05149520   2.4182 0.0160460 *        
                idDEU          0.06138447  0.01937210   3.1687 0.0016501 **       
                idDNK         -0.05489541  0.01962377  -2.7974 0.0054031 **       
                idESP          0.03488612  0.01136136   3.0706 0.0022836 **       
                idFIN         -0.01934293  0.01685077  -1.1479 0.2517045          
                idFRA          0.04627202  0.01526939   3.0304 0.0026028 **       
                idGBR          0.04389720  0.01502925   2.9208 0.0036913 **       
                idIND          0.08765827  0.04899818   1.7890 0.0743773 .        
                idISR         -0.03198225  0.01392573  -2.2966 0.0221611 *        
                idITA          0.03877032  0.01397134   2.7750 0.0057819 **       
                idJPN          0.00636983  0.02546197   0.2502 0.8025853          
                idKOR         -0.05822413  0.02390492  -2.4357 0.0153052 *        
                idNLD          0.00571520  0.00458451   1.2466 0.2132690          
                idNOR         -0.07029576  0.02231961  -3.1495 0.0017595 **       
                idRUS          0.00240955  0.02207426   0.1092 0.9131338          
                idSGP         -0.03058910  0.01821395  -1.6794 0.0938565 .        
                idSWE         -0.04720783  0.01418991  -3.3269 0.0009604 ***      
                idTWN          0.01719743  0.00366787   4.6887 3.790e-06 ***      
                idUSA          0.11426898  0.03423816   3.3375 0.0009254 ***      
                time2001       0.15688429  0.19704763   0.7962 0.4264077          
                time2002       0.15513121  0.19712533   0.7870 0.4317716          
                time2003       0.15706879  0.19719939   0.7965 0.4262203          
                time2004       0.15877115  0.19729659   0.8047 0.4214564          
                time2005       0.15769248  0.19735515   0.7990 0.4247526          
                time2006       0.15781631  0.19747149   0.7992 0.4246621          
                time2007       0.15940098  0.19758924   0.8067 0.4203068          
                time2008       0.16020870  0.19772026   0.8103 0.4182661          
                time2009       0.16218295  0.19785292   0.8197 0.4128718          
                time2010       0.16240553  0.19796198   0.8204 0.4124888          
                time2011       0.15900278  0.19805659   0.8028 0.4225633          
                time2012       0.15696671  0.19817365   0.7921 0.4287961          
                time2013       0.15246992  0.19825314   0.7691 0.4423121          
                time2014       0.15452787  0.19833600   0.7791 0.4363734          
                time2015       0.15458248  0.19840642   0.7791 0.4363742          
                time2016       0.15757438  0.19850058   0.7938 0.4277738          
                time2017       0.16014758  0.19857006   0.8065 0.4204363          
                time2018       0.15847445  0.19865658   0.7977 0.4255049          
                time2019       0.15346070  0.19876144   0.7721 0.4405247          
                iis130         0.09744928  0.00774144  12.5880 < 2.2e-16 ***      
                iis131         0.07632188  0.00823001   9.2736 < 2.2e-16 ***      
                iis132         0.05973562  0.00873146   6.8414 2.989e-11 ***      
                iis133         0.04814263  0.00919968   5.2331 2.709e-07 ***      
                iis146        -0.02427560  0.01000857  -2.4255 0.0157343 *        
                iis152        -0.05568416  0.00779640  -7.1423 4.430e-12 ***      
                iis307         0.01780641  0.00801458   2.2218 0.0268646 *        
                iis313         0.06767733  0.00850825   7.9543 1.908e-14 ***      
                iis314         0.20274868  0.00818077  24.7836 < 2.2e-16 ***      
                iis315         0.10934591  0.00765186  14.2901 < 2.2e-16 ***      
                iis320         0.02601141  0.00770303   3.3768 0.0008060 ***      
                iis323        -0.13554003  0.00767063 -17.6700 < 2.2e-16 ***      
                iis338        -0.05969943  0.00759283  -7.8626 3.605e-14 ***      
                iis340        -0.05838384  0.00762632  -7.6556 1.486e-13 ***      
                iis459        -0.03641826  0.00818112  -4.4515 1.110e-05 ***      
                iis463         0.03486275  0.00771642   4.5180 8.252e-06 ***      
                iis468         0.09140603  0.00869947  10.5071 < 2.2e-16 ***      
                iis469         0.06469695  0.00868345   7.4506 5.885e-13 ***      
                iis470        -0.08830908  0.00877364 -10.0653 < 2.2e-16 ***      
                iis473        -0.04734753  0.00867319  -5.4591 8.462e-08 ***      
                iis474        -0.04532084  0.00869156  -5.2144 2.978e-07 ***      
                iis475        -0.07772811  0.00877515  -8.8578 < 2.2e-16 ***      
                fesisDEU.2006  0.03435835  0.00455532   7.5425 3.186e-13 ***      
                fesisDEU.2012 -0.05041555  0.00776621  -6.4917 2.544e-10 ***      
                fesisDEU.2014  0.02894579  0.00781034   3.7061 0.0002404 ***      
                fesisJPN.2003  0.02756030  0.00625957   4.4029 1.376e-05 ***      
                fesisJPN.2008 -0.06369770  0.00794102  -8.0213 1.195e-14 ***      
                fesisJPN.2009  0.04056183  0.00827345   4.9026 1.382e-06 ***      
                fesisKOR.2009  0.06724381  0.00581478  11.5643 < 2.2e-16 ***      
                fesisKOR.2011 -0.04403580  0.00613718  -7.1753 3.581e-12 ***      
                fesisUSA.2005  0.03846230  0.00616502   6.2388 1.134e-09 ***      
                fesisUSA.2012 -0.03335803  0.00678548  -4.9161 1.296e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)   11.5263  1 0.0006862 ***      
                Ljung-Box ARCH(1)  4.3576  1 0.0368449 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00692      
                R-squared           0.99909      
                Log-lik.(n=475)  1727.57912      

Energy

Count Energy

0.01

                Formula: count_energy~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:26:09 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.3065e-01  1.6050e-02  51.7555 < 2.2e-16 ***      
                gdp            7.5204e-13  8.5481e-14   8.7978 < 2.2e-16 ***      
                pop           -1.4151e-07  1.0641e-07  -1.3299 0.1843141          
                brown_patents  1.5628e-01  2.7631e-02   5.6560 2.936e-08 ***      
                idAUT          2.1619e+00  1.3640e+01   0.1585 0.8741477          
                idBEL         -8.5504e+00  1.3629e+01  -0.6274 0.5307674          
                idBRA          8.6523e+00  2.2837e+01   0.3789 0.7049883          
                idCAN          9.6650e+00  1.3853e+01   0.6977 0.4857788          
                idCHE         -2.1440e-01  1.3646e+01  -0.0157 0.9874724          
                idCHN          2.5226e+02  1.3898e+02   1.8151 0.0702487 .        
                idDEU          1.4090e+02  2.3352e+01   6.0339 3.623e-09 ***      
                idDNK          2.4100e+01  1.3767e+01   1.7506 0.0807716 .        
                idESP          6.5610e+00  1.3797e+01   0.4756 0.6346499          
                idFIN         -1.2310e+01  1.3727e+01  -0.8968 0.3703801          
                idFRA          4.7468e+01  1.5107e+01   3.1420 0.0018014 **       
                idGBR          3.3072e+01  1.4660e+01   2.2559 0.0246132 *        
                idIND          1.0452e+02  1.2864e+02   0.8125 0.4169662          
                idISR         -3.4934e+00  1.3650e+01  -0.2559 0.7981389          
                idITA          1.1429e+01  1.4151e+01   0.8076 0.4197725          
                idJPN          1.1534e+02  4.1994e+01   2.7466 0.0062901 **       
                idKOR         -6.6524e+02  9.7755e+01  -6.8052 3.657e-11 ***      
                idNLD          1.4724e+00  1.3590e+01   0.1083 0.9137749          
                idNOR         -2.0713e+01  1.3853e+01  -1.4952 0.1356355          
                idRUS         -5.6058e+01  1.9051e+01  -2.9425 0.0034438 **       
                idSGP         -1.2628e+01  1.3718e+01  -0.9205 0.3578459          
                idSWE         -8.0443e+00  1.3645e+01  -0.5895 0.5558244          
                idTWN          3.8684e+01  1.3837e+01   2.7956 0.0054272 **       
                idUSA          2.0596e+02  4.3053e+01   4.7839 2.415e-06 ***      
                time2001       6.1254e+00  1.2743e+01   0.4807 0.6309962          
                time2002      -3.1777e+00  1.2736e+01  -0.2495 0.8031043          
                time2003       1.1868e+00  1.2744e+01   0.0931 0.9258502          
                time2004       1.9025e+01  1.2750e+01   1.4921 0.1364425          
                time2005       2.8097e+01  1.2772e+01   2.1998 0.0283881 *        
                time2006       1.1528e+01  1.2762e+01   0.9033 0.3668912          
                time2007       4.0750e+01  1.2785e+01   3.1873 0.0015476 **       
                time2008       3.2768e+01  1.2947e+01   2.5309 0.0117564 *        
                time2009       5.2301e+01  1.3239e+01   3.9505 9.201e-05 ***      
                time2010       4.1004e+01  1.3424e+01   3.0545 0.0024036 **       
                time2011       4.4789e+01  1.3420e+01   3.3374 0.0009241 ***      
                time2012       6.3788e+00  1.3505e+01   0.4723 0.6369482          
                time2013      -5.2447e+00  1.3562e+01  -0.3867 0.6991566          
                time2014       2.9663e+00  1.3330e+01   0.2225 0.8240218          
                time2015      -9.5278e+00  1.3266e+01  -0.7182 0.4730489          
                time2016       1.4019e+01  1.3235e+01   1.0592 0.2901357          
                time2017       3.8677e+01  1.3192e+01   2.9319 0.0035608 **       
                time2018       2.5270e+01  1.3234e+01   1.9094 0.0569202 .        
                time2019      -7.8109e+00  1.3404e+01  -0.5827 0.5603879          
                iis132         1.2961e+02  4.9536e+01   2.6165 0.0092171 **       
                iis146        -3.3314e+02  4.6106e+01  -7.2257 2.506e-12 ***      
                iis313         4.2514e+02  5.0921e+01   8.3491 1.108e-15 ***      
                iis314         1.2080e+03  4.8162e+01  25.0827 < 2.2e-16 ***      
                iis315         5.3112e+02  4.7873e+01  11.0944 < 2.2e-16 ***      
                iis316        -2.7569e+02  4.9512e+01  -5.5681 4.704e-08 ***      
                iis317        -3.9342e+02  4.7847e+01  -8.2226 2.749e-15 ***      
                iis323        -7.6077e+02  4.6779e+01 -16.2629 < 2.2e-16 ***      
                iis332         3.5561e+02  4.5811e+01   7.7626 6.897e-14 ***      
                iis333         3.1738e+02  4.7283e+01   6.7125 6.498e-11 ***      
                iis336         2.0065e+02  5.1591e+01   3.8892 0.0001176 ***      
                iis339         4.9050e+02  4.6955e+01  10.4464 < 2.2e-16 ***      
                iis464         1.3054e+02  4.7759e+01   2.7334 0.0065437 **       
                iis470        -6.5706e+02  5.8494e+01 -11.2328 < 2.2e-16 ***      
                iis471        -1.6489e+02  5.4273e+01  -3.0382 0.0025343 **       
                iis472        -1.4695e+02  4.7841e+01  -3.0716 0.0022735 **       
                iis473        -1.7901e+02  4.7150e+01  -3.7966 0.0001692 ***      
                fesisCHN.2016  4.1362e+02  3.2955e+01  12.5511 < 2.2e-16 ***      
                fesisDEU.2007  2.8678e+02  2.7867e+01  10.2908 < 2.2e-16 ***      
                fesisDEU.2012 -2.4031e+02  2.5153e+01  -9.5538 < 2.2e-16 ***      
                fesisJPN.2009  1.6648e+02  3.4959e+01   4.7621 2.675e-06 ***      
                fesisKOR.2014 -3.5843e+02  4.3739e+01  -8.1947 3.355e-15 ***      
                fesisUSA.2006  4.2337e+02  3.4113e+01  12.4107 < 2.2e-16 ***      
                fesisUSA.2011 -3.9938e+02  3.1933e+01 -12.5069 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df  p-value         
                Ljung-Box AR(1)    0.61936  1 0.431286         
                Ljung-Box ARCH(1) 10.74089  1 0.001048 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    41.80831      
                R-squared            0.99828      
                Log-lik.(n=475)  -2411.71602      
0.05

                Formula: count_energy~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:26:07 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.1138e-01  1.8124e-02  44.7691 < 2.2e-16 ***      
                gdp            1.3176e-12  1.1947e-13  11.0286 < 2.2e-16 ***      
                pop            3.1976e-07  2.1062e-07   1.5182 0.1297731          
                brown_patents  1.6031e-01  2.6311e-02   6.0928 2.631e-09 ***      
                idAUT          9.1969e+00  1.3022e+01   0.7063 0.4804321          
                idBEL         -3.3863e+00  1.2917e+01  -0.2622 0.7933290          
                idBRA         -7.3969e+01  3.8858e+01  -1.9036 0.0576904 .        
                idCAN          6.1033e+00  1.3125e+01   0.4650 0.6421805          
                idCHE          7.1176e+00  1.3054e+01   0.5452 0.5858963          
                idCHN         -3.6561e+02  2.7358e+02  -1.3364 0.1821873          
                idDEU          1.2250e+02  2.4551e+01   4.9895 9.081e-07 ***      
                idDNK          3.3645e+01  1.3372e+01   2.5161 0.0122622 *        
                idESP         -3.3471e+00  1.3595e+01  -0.2462 0.8056531          
                idFIN         -4.6081e+00  1.3205e+01  -0.3490 0.7272987          
                idFRA          3.2662e+01  1.5942e+01   2.0487 0.0411467 *        
                idGBR          1.7841e+01  1.5446e+01   1.1551 0.2487491          
                idIND         -4.3286e+02  2.3683e+02  -1.8277 0.0683457 .        
                idISR          3.3016e+00  1.3051e+01   0.2530 0.8004182          
                idITA         -4.7086e+00  1.4853e+01  -0.3170 0.7514021          
                idJPN         -1.9730e+02  6.0303e+01  -3.2718 0.0011623 **       
                idKOR         -1.2269e+03  1.2530e+02  -9.7914 < 2.2e-16 ***      
                idNLD          5.0214e+00  1.2775e+01   0.3931 0.6944866          
                idNOR         -1.4621e+01  1.3349e+01  -1.0953 0.2740602          
                idRUS         -1.5551e+02  2.9357e+01  -5.2974 1.954e-07 ***      
                idSGP         -5.0107e+00  1.3205e+01  -0.3795 0.7045479          
                idSWE         -3.7340e+00  1.2989e+01  -0.2875 0.7739082          
                idTWN          4.1765e+01  1.3063e+01   3.1972 0.0014993 **       
                idUSA          9.3879e+01  6.2003e+01   1.5141 0.1307963          
                time2001       7.0625e-01  1.2325e+01   0.0573 0.9543333          
                time2002      -1.0653e+01  1.2364e+01  -0.8616 0.3894083          
                time2003      -1.4417e+01  1.2504e+01  -1.1530 0.2496016          
                time2004       7.9250e+00  1.2498e+01   0.6341 0.5263968          
                time2005       1.5438e+01  1.2576e+01   1.2276 0.2203129          
                time2006       1.0539e+01  1.2793e+01   0.8239 0.4105172          
                time2007       2.6104e+01  1.2917e+01   2.0208 0.0439700 *        
                time2008       3.4381e+01  1.2966e+01   2.6516 0.0083330 **       
                time2009       4.4572e+01  1.2854e+01   3.4675 0.0005829 ***      
                time2010       3.3358e+01  1.3080e+01   2.5503 0.0111374 *        
                time2011       3.8727e+01  1.3160e+01   2.9429 0.0034431 **       
                time2012      -1.0981e+01  1.3321e+01  -0.8243 0.4102459          
                time2013      -1.5454e+01  1.3398e+01  -1.1535 0.2494183          
                time2014      -5.2844e+00  1.3329e+01  -0.3964 0.6919871          
                time2015      -2.0344e+01  1.3334e+01  -1.5257 0.1278724          
                time2016       3.6133e+00  1.3068e+01   0.2765 0.7823137          
                time2017       2.5128e+01  1.3049e+01   1.9257 0.0548554 .        
                time2018       1.2711e+01  1.3080e+01   0.9718 0.3317562          
                time2019      -1.7158e+01  1.3303e+01  -1.2898 0.1978586          
                iis130         1.2694e+02  6.1254e+01   2.0724 0.0388789 *        
                iis131         1.7423e+02  5.8520e+01   2.9773 0.0030866 **       
                iis132         2.3306e+02  5.7008e+01   4.0882 5.267e-05 ***      
                iis146        -3.2665e+02  4.4063e+01  -7.4132 7.545e-13 ***      
                iis307         1.6471e+02  4.3912e+01   3.7508 0.0002026 ***      
                iis311         1.4792e+02  4.4242e+01   3.3433 0.0009066 ***      
                iis313         4.2477e+02  4.9518e+01   8.5780 < 2.2e-16 ***      
                iis314         1.2088e+03  4.5710e+01  26.4453 < 2.2e-16 ***      
                iis315         5.5588e+02  4.5341e+01  12.2600 < 2.2e-16 ***      
                iis316        -2.3512e+02  4.7524e+01  -4.9475 1.114e-06 ***      
                iis317        -3.7487e+02  4.5232e+01  -8.2877 1.811e-15 ***      
                iis323        -7.6550e+02  4.3874e+01 -17.4476 < 2.2e-16 ***      
                iis332         4.0789e+02  4.4175e+01   9.2334 < 2.2e-16 ***      
                iis333         3.2903e+02  4.4338e+01   7.4209 7.169e-13 ***      
                iis336         1.5239e+02  4.9483e+01   3.0796 0.0022170 **       
                iis339         5.0129e+02  4.4213e+01  11.3383 < 2.2e-16 ***      
                iis462        -1.6849e+02  4.8681e+01  -3.4610 0.0005967 ***      
                iis470        -6.5842e+02  5.4921e+01 -11.9884 < 2.2e-16 ***      
                iis471        -1.7456e+02  5.1281e+01  -3.4040 0.0007318 ***      
                iis472        -1.5678e+02  4.5080e+01  -3.4778 0.0005617 ***      
                iis473        -1.8698e+02  4.4343e+01  -4.2166 3.077e-05 ***      
                fesisCHN.2016  2.8218e+02  5.3041e+01   5.3201 1.739e-07 ***      
                fesisDEU.2007  2.6028e+02  2.7041e+01   9.6252 < 2.2e-16 ***      
                fesisDEU.2013 -1.9355e+02  2.3239e+01  -8.3286 1.350e-15 ***      
                fesisIND.2009 -9.4384e+01  3.3604e+01  -2.8087 0.0052200 **       
                fesisIND.2016 -8.1893e+01  3.1005e+01  -2.6413 0.0085867 **       
                fesisJPN.2008 -1.3176e+02  4.4761e+01  -2.9437 0.0034340 **       
                fesisJPN.2009  3.3667e+02  4.8581e+01   6.9300 1.714e-11 ***      
                fesisKOR.2006 -2.4033e+02  4.1795e+01  -5.7501 1.784e-08 ***      
                fesisKOR.2014 -5.0366e+02  4.7832e+01 -10.5297 < 2.2e-16 ***      
                fesisUSA.2006  4.9571e+02  3.6694e+01  13.5094 < 2.2e-16 ***      
                fesisUSA.2011 -4.5305e+02  2.9990e+01 -15.1068 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value        
                Ljung-Box AR(1)   0.62372  1 0.42967        
                Ljung-Box ARCH(1) 6.36402  1 0.01165 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    39.15058      
                R-squared            0.99852      
                Log-lik.(n=475)  -2376.51802      

Log Count Energy

0.01

                Formula: log_count_energy~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:28:17 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.565229  0.029648 19.0647 < 2.2e-16 ***      
                lgdp           0.519012  0.112937  4.5956 5.742e-06 ***      
                lpop          -1.432900  0.346841 -4.1313 4.369e-05 ***      
                lbrown         0.039067  0.016062  2.4323 0.0154253 *        
                idAUT         -0.556299  0.285599 -1.9478 0.0521121 .        
                idBEL         -0.462946  0.214561 -2.1576 0.0315317 *        
                idBRA          1.788018  0.702835  2.5440 0.0113222 *        
                idCAN          0.837691  0.168348  4.9760 9.547e-07 ***      
                idCHE         -0.967012  0.316247 -3.0578 0.0023749 **       
                idCHN          4.806679  1.279997  3.7552 0.0001980 ***      
                idDEU          2.609498  0.456635  5.7146 2.108e-08 ***      
                idDNK         -1.745489  0.487102 -3.5834 0.0003796 ***      
                idESP          0.683403  0.288445  2.3693 0.0182824 *        
                idFIN         -1.288759  0.419411 -3.0728 0.0022612 **       
                idFRA          1.921549  0.381317  5.0392 7.003e-07 ***      
                idGBR          1.867217  0.377814  4.9422 1.125e-06 ***      
                idIND          3.672794  1.216468  3.0192 0.0026914 **       
                idISR         -1.343767  0.347589 -3.8660 0.0001285 ***      
                idITA          1.511479  0.349766  4.3214 1.945e-05 ***      
                idJPN          0.982192  0.582951  1.6849 0.0927703 .        
                idKOR         -1.218282  0.618050 -1.9712 0.0493714 *        
                idNLD          0.093500  0.114341  0.8177 0.4139803          
                idNOR         -2.889801  0.566889 -5.0976 5.247e-07 ***      
                idRUS          0.657209  0.570363  1.1523 0.2498786          
                idSGP         -2.630866  0.501643 -5.2445 2.508e-07 ***      
                idSWE         -1.780221  0.360484 -4.9384 1.146e-06 ***      
                idTWN          0.795565  0.098305  8.0928 6.582e-15 ***      
                idUSA          3.794761  0.831238  4.5652 6.593e-06 ***      
                time2001      11.228265  4.919642  2.2823 0.0229774 *        
                time2002      11.173804  4.921639  2.2703 0.0237013 *        
                time2003      11.258972  4.923020  2.2870 0.0227006 *        
                time2004      11.355393  4.925027  2.3057 0.0216248 *        
                time2005      11.432246  4.927204  2.3202 0.0208150 *        
                time2006      11.486200  4.929088  2.3303 0.0202718 *        
                time2007      11.650351  4.930804  2.3628 0.0186017 *        
                time2008      11.699841  4.934561  2.3710 0.0181982 *        
                time2009      11.767253  4.936680  2.3836 0.0175935 *        
                time2010      11.752069  4.938831  2.3795 0.0177883 *        
                time2011      11.754684  4.940782  2.3791 0.0178079 *        
                time2012      11.640613  4.942948  2.3550 0.0189901 *        
                time2013      11.521337  4.944848  2.3300 0.0202889 *        
                time2014      11.546275  4.946877  2.3341 0.0200717 *        
                time2015      11.462113  4.948969  2.3161 0.0210438 *        
                time2016      11.582594  4.951044  2.3394 0.0197892 *        
                time2017      11.631003  4.952916  2.3483 0.0193294 *        
                time2018      11.599728  4.954904  2.3411 0.0197039 *        
                time2019      11.490511  4.956823  2.3181 0.0209305 *        
                iis41         -0.656411  0.170378 -3.8527 0.0001354 ***      
                iis43         -0.583647  0.169903 -3.4352 0.0006521 ***      
                iis57         -0.581553  0.169806 -3.4248 0.0006768 ***      
                iis72          0.578884  0.171838  3.3688 0.0008260 ***      
                iis74         -0.701307  0.172040 -4.0764 5.487e-05 ***      
                iis156        -0.549333  0.169710 -3.2369 0.0013058 **       
                iis407         0.474624  0.172896  2.7451 0.0063127 **       
                fesisBRA.2005  0.673526  0.143865  4.6816 3.866e-06 ***      
                fesisBRA.2007 -0.428424  0.126907 -3.3759 0.0008054 ***      
                fesisCHN.2015  0.342091  0.103781  3.2963 0.0010645 **       
                fesisESP.2003  0.638341  0.125957  5.0679 6.079e-07 ***      
                fesisRUS.2007 -0.435394  0.092242 -4.7201 3.233e-06 ***      
                fesisSGP.2003  0.976652  0.151271  6.4563 3.016e-10 ***      
                fesisSGP.2006 -0.879262  0.191670 -4.5874 5.961e-06 ***      
                fesisSGP.2007  0.806219  0.175750  4.5873 5.963e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   3.0887  1 0.07884 .      
                Ljung-Box ARCH(1) 5.6652  1 0.01730 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.16095      
                R-squared          0.98964      
                Log-lik.(n=475)  224.65940      
0.05

                Formula: log_count_energy~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:28:14 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.581628  0.027478 21.1673 < 2.2e-16 ***      
                lgdp           0.543996  0.101855  5.3409 1.575e-07 ***      
                lpop          -1.359332  0.344432 -3.9466 9.402e-05 ***      
                lbrown         0.035668  0.014935  2.3882 0.0174082 *        
                idAUT         -0.444148  0.294691 -1.5072 0.1325778          
                idBEL         -0.334190  0.219793 -1.5205 0.1292019          
                idBRA          1.791607  0.712177  2.5157 0.0122814 *        
                idCAN          1.009293  0.172982  5.8347 1.134e-08 ***      
                idCHE         -0.842394  0.322600 -2.6113 0.0093688 **       
                idCHN          4.413367  1.298336  3.3992 0.0007454 ***      
                idDEU          2.465257  0.449942  5.4791 7.685e-08 ***      
                idDNK         -1.812610  0.486870 -3.7230 0.0002259 ***      
                idESP          0.860355  0.290168  2.9650 0.0032126 **       
                idFIN         -1.119182  0.432933 -2.5851 0.0100967 *        
                idFRA          1.822108  0.374423  4.8664 1.653e-06 ***      
                idGBR          1.776648  0.369895  4.8031 2.231e-06 ***      
                idIND          3.263304  1.246280  2.6184 0.0091776 **       
                idISR         -1.432724  0.376918 -3.8012 0.0001671 ***      
                idITA          1.435032  0.344424  4.1665 3.812e-05 ***      
                idJPN          0.658280  0.583169  1.1288 0.2596770          
                idKOR         -1.481831  0.569157 -2.6036 0.0095785 **       
                idNLD          0.136212  0.112299  1.2129 0.2258882          
                idNOR         -2.742403  0.561378 -4.8851 1.511e-06 ***      
                idRUS          0.274020  0.587802  0.4662 0.6413492          
                idSGP         -2.282216  0.503943 -4.5287 7.897e-06 ***      
                idSWE         -1.735521  0.346345 -5.0110 8.229e-07 ***      
                idTWN          0.791152  0.088175  8.9725 < 2.2e-16 ***      
                idUSA          3.505200  0.836552  4.1901 3.452e-05 ***      
                time2001       9.266896  5.096271  1.8184 0.0697748 .        
                time2002       9.172717  5.097094  1.7996 0.0726970 .        
                time2003       9.289890  5.099568  1.8217 0.0692662 .        
                time2004       9.378210  5.100809  1.8386 0.0667382 .        
                time2005       9.430450  5.102825  1.8481 0.0653471 .        
                time2006       9.479140  5.103956  1.8572 0.0640343 .        
                time2007       9.624761  5.106740  1.8847 0.0602114 .        
                time2008       9.656019  5.109015  1.8900 0.0594998 .        
                time2009       9.737750  5.109924  1.9057 0.0574301 .        
                time2010       9.742011  5.111330  1.9060 0.0573898 .        
                time2011       9.744896  5.113212  1.9058 0.0574076 .        
                time2012       9.622518  5.114944  1.8813 0.0606818 .        
                time2013       9.518834  5.116689  1.8604 0.0635885 .        
                time2014       9.530891  5.118947  1.8619 0.0633713 .        
                time2015       9.459349  5.121217  1.8471 0.0654913 .        
                time2016       9.544068  5.123351  1.8629 0.0632340 .        
                time2017       9.610863  5.125410  1.8751 0.0615204 .        
                time2018       9.543533  5.127376  1.8613 0.0634554 .        
                time2019       9.470914  5.129805  1.8463 0.0656131 .        
                iis41         -0.716998  0.147323 -4.8669 1.649e-06 ***      
                iis43         -0.609466  0.146661 -4.1556 3.990e-05 ***      
                iis49         -0.454623  0.147039 -3.0918 0.0021322 **       
                iis57         -0.621783  0.146401 -4.2471 2.711e-05 ***      
                iis58         -0.515069  0.148496 -3.4686 0.0005816 ***      
                iis62          0.516074  0.147858  3.4903 0.0005375 ***      
                iis63          0.531675  0.147643  3.6011 0.0003578 ***      
                iis71          0.349729  0.147532  2.3705 0.0182485 *        
                iis72          0.647497  0.147363  4.3939 1.437e-05 ***      
                iis74         -0.619059  0.147689 -4.1916 3.429e-05 ***      
                iis75          0.538278  0.148107  3.6344 0.0003160 ***      
                iis98         -0.485103  0.146928 -3.3016 0.0010499 **       
                iis156        -0.413434  0.154985 -2.6676 0.0079584 **       
                iis173        -0.431213  0.200139 -2.1546 0.0318076 *        
                iis255         0.444327  0.146202  3.0391 0.0025325 **       
                iis382         0.441689  0.158454  2.7875 0.0055717 **       
                iis385         0.455360  0.159448  2.8559 0.0045216 **       
                iis400        -0.395345  0.174005 -2.2720 0.0236288 *        
                iis402         0.904738  0.175019  5.1694 3.760e-07 ***      
                iis403         0.572604  0.173963  3.2915 0.0010873 **       
                iis404         0.953892  0.173526  5.4971 6.990e-08 ***      
                iis406         0.393036  0.158906  2.4734 0.0138089 *        
                iis407         0.748872  0.155603  4.8127 2.132e-06 ***      
                iis408         0.577544  0.154853  3.7296 0.0002202 ***      
                iis410         0.391481  0.155216  2.5222 0.0120605 *        
                iis411         0.366392  0.153009  2.3946 0.0171110 *        
                iis415         0.600810  0.153291  3.9194 0.0001048 ***      
                iis417         0.386187  0.153428  2.5171 0.0122341 *        
                fesisCAN.2004 -0.253549  0.091213 -2.7798 0.0057034 **       
                fesisCHN.2015  0.316097  0.089775  3.5210 0.0004808 ***      
                fesisDNK.2007  0.214984  0.077745  2.7653 0.0059580 **       
                fesisESP.2003  0.420246  0.148066  2.8382 0.0047736 **       
                fesisISR.2006  0.492653  0.104433  4.7174 3.333e-06 ***      
                fesisISR.2009 -0.315066  0.098098 -3.2118 0.0014288 **       
                fesisNOR.2012 -0.259740  0.084457 -3.0754 0.0022501 **       
                fesisNOR.2016  0.366298  0.100064  3.6606 0.0002862 ***      
                fesisRUS.2007 -0.264267  0.091125 -2.9001 0.0039420 **       
                fesisSGP.2007  0.489612  0.128005  3.8250 0.0001522 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value         
                Ljung-Box AR(1)   4.2531  1 0.03918 *       
                Ljung-Box ARCH(1) 7.8832  1 0.00499 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.13834      
                R-squared          0.99277      
                Log-lik.(n=475)  308.06931      

Ihs Count Energy

0.01

                Formula: ihs_count_energy~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:29:32 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.575406  0.028646 20.0868 < 2.2e-16 ***      
                lgdp           0.511327  0.114390  4.4700 1.012e-05 ***      
                lpop          -1.469840  0.351323 -4.1837 3.507e-05 ***      
                lbrown         0.036715  0.016415  2.2367 0.0258401 *        
                idAUT         -0.603180  0.290622 -2.0755 0.0385619 *        
                idBEL         -0.493877  0.218075 -2.2647 0.0240494 *        
                idBRA          2.057213  0.717794  2.8660 0.0043697 **       
                idCAN          0.853802  0.170099  5.0194 7.726e-07 ***      
                idCHE         -1.013362  0.321260 -3.1543 0.0017265 **       
                idCHN          4.980116  1.298265  3.8360 0.0001447 ***      
                idDEU          2.646844  0.460108  5.7527 1.715e-08 ***      
                idDNK         -1.827429  0.493972 -3.6995 0.0002454 ***      
                idESP          0.685512  0.292881  2.3406 0.0197302 *        
                idFIN         -1.352319  0.425844 -3.1756 0.0016076 **       
                idFRA          1.959384  0.385268  5.0858 5.571e-07 ***      
                idGBR          1.903842  0.381812  4.9863 9.085e-07 ***      
                idIND          3.859207  1.235897  3.1226 0.0019191 **       
                idISR         -1.388262  0.352386 -3.9396 9.584e-05 ***      
                idITA          1.548787  0.354121  4.3736 1.550e-05 ***      
                idJPN          1.065459  0.593553  1.7951 0.0733782 .        
                idKOR         -1.153239  0.629415 -1.8322 0.0676373 .        
                idNLD          0.077035  0.116538  0.6610 0.5089631          
                idNOR         -2.934982  0.572655 -5.1252 4.578e-07 ***      
                idRUS          0.764390  0.581442  1.3146 0.1893611          
                idSGP         -2.897570  0.508927 -5.6935 2.369e-08 ***      
                idSWE         -1.803523  0.364424 -4.9490 1.089e-06 ***      
                idTWN          0.788404  0.098814  7.9786 1.480e-14 ***      
                idUSA          3.892814  0.840834  4.6297 4.915e-06 ***      
                time2001      12.337897  5.004673  2.4653 0.0140976 *        
                time2002      12.257698  5.006264  2.4485 0.0147624 *        
                time2003      12.346135  5.007664  2.4654 0.0140909 *        
                time2004      12.417424  5.009814  2.4786 0.0135886 *        
                time2005      12.525339  5.012028  2.4991 0.0128408 *        
                time2006      12.579192  5.013761  2.5089 0.0124926 *        
                time2007      12.747555  5.015506  2.5416 0.0113992 *        
                time2008      12.794297  5.019119  2.5491 0.0111613 *        
                time2009      12.859062  5.021071  2.5610 0.0107918 *        
                time2010      12.842979  5.023181  2.5567 0.0109233 *        
                time2011      12.845963  5.025127  2.5563 0.0109355 *        
                time2012      12.731106  5.027301  2.5324 0.0116991 *        
                time2013      12.611530  5.029326  2.5076 0.0125392 *        
                time2014      12.639501  5.031509  2.5121 0.0123839 *        
                time2015      12.552369  5.033648  2.4937 0.0130335 *        
                time2016      12.678786  5.035908  2.5177 0.0121915 *        
                time2017      12.724820  5.037701  2.5259 0.0119135 *        
                time2018      12.675179  5.039586  2.5151 0.0122788 *        
                time2019      12.584294  5.041674  2.4961 0.0129483 *        
                iis41         -0.689080  0.173875 -3.9631 8.720e-05 ***      
                iis43         -0.605593  0.173469 -3.4911 0.0005331 ***      
                iis57         -0.603423  0.173266 -3.4826 0.0005497 ***      
                iis58         -0.694831  0.175447 -3.9603 8.817e-05 ***      
                iis62          0.519553  0.174633  2.9751 0.0031012 **       
                iis63          0.520295  0.174860  2.9755 0.0030974 **       
                iis72          0.661070  0.174370  3.7912 0.0001723 ***      
                iis74         -0.675952  0.174744 -3.8682 0.0001274 ***      
                iis75          0.518671  0.174702  2.9689 0.0031633 **       
                iis407         0.486916  0.176406  2.7602 0.0060343 **       
                fesisCHN.2015  0.337080  0.105775  3.1868 0.0015484 **       
                fesisESP.2003  0.662353  0.128292  5.1629 3.792e-07 ***      
                fesisRUS.2007 -0.438506  0.093759 -4.6770 3.953e-06 ***      
                fesisSGP.2003  1.228705  0.154427  7.9566 1.728e-14 ***      
                fesisSGP.2006 -0.980826  0.195988 -5.0045 8.312e-07 ***      
                fesisSGP.2007  0.861289  0.179394  4.8011 2.212e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df  p-value         
                Ljung-Box AR(1)   4.6453  1 0.031139 *       
                Ljung-Box ARCH(1) 9.1710  1 0.002459 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.16425      
                R-squared          0.98952      
                Log-lik.(n=475)  215.52351      
0.05

                Formula: ihs_count_energy~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:29:32 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.601387  0.027958 21.5106 < 2.2e-16 ***      
                lgdp           0.515915  0.104162  4.9530 1.091e-06 ***      
                lpop          -1.035637  0.322092 -3.2153 0.0014115 **       
                lbrown         0.036729  0.015052  2.4401 0.0151269 *        
                idAUT         -0.177394  0.267778 -0.6625 0.5080643          
                idBEL         -0.133604  0.201112 -0.6643 0.5068726          
                idBRA          1.117310  0.658977  1.6955 0.0907746 .        
                idCAN          0.868523  0.170949  5.0806 5.846e-07 ***      
                idCHE         -0.537573  0.295278 -1.8206 0.0694393 .        
                idCHN          3.149413  1.194913  2.6357 0.0087318 **       
                idDEU          2.003946  0.424188  4.7242 3.230e-06 ***      
                idDNK         -1.359210  0.457873 -2.9685 0.0031770 **       
                idESP          0.646333  0.282752  2.2859 0.0227976 *        
                idFIN         -0.712152  0.392409 -1.8148 0.0703193 .        
                idFRA          1.452335  0.354400  4.0980 5.071e-05 ***      
                idGBR          1.416657  0.350881  4.0374 6.507e-05 ***      
                idIND          2.060422  1.139618  1.8080 0.0713777 .        
                idISR         -0.942287  0.323019 -2.9171 0.0037371 **       
                idITA          1.107854  0.324827  3.4106 0.0007159 ***      
                idJPN          0.179589  0.547214  0.3282 0.7429462          
                idKOR         -1.604330  0.573523 -2.7973 0.0054081 **       
                idNLD          0.195897  0.106125  1.8459 0.0656630 .        
                idNOR         -2.229281  0.529144 -4.2130 3.133e-05 ***      
                idRUS         -0.243250  0.538078 -0.4521 0.6514687          
                idSGP         -1.877786  0.464168 -4.0455 6.296e-05 ***      
                idSWE         -1.436122  0.332574 -4.3182 1.998e-05 ***      
                idTWN          0.748219  0.089695  8.3418 1.277e-15 ***      
                idUSA          2.650494  0.775799  3.4165 0.0007011 ***      
                time2001       4.779197  4.622857  1.0338 0.3018615          
                time2002       4.687287  4.622840  1.0139 0.3112396          
                time2003       4.809116  4.624874  1.0398 0.2990598          
                time2004       4.896450  4.626181  1.0584 0.2905184          
                time2005       4.942414  4.628213  1.0679 0.2862314          
                time2006       4.991729  4.630634  1.0780 0.2817092          
                time2007       5.150055  4.632927  1.1116 0.2669863          
                time2008       5.173476  4.635304  1.1161 0.2650653          
                time2009       5.234540  4.637294  1.1288 0.2596794          
                time2010       5.235129  4.638721  1.1286 0.2597723          
                time2011       5.235209  4.640744  1.1281 0.2599725          
                time2012       5.108766  4.642357  1.1005 0.2718070          
                time2013       5.002965  4.644155  1.0773 0.2820297          
                time2014       5.016974  4.646030  1.0798 0.2808803          
                time2015       4.944509  4.648056  1.0638 0.2880866          
                time2016       5.030018  4.649914  1.0817 0.2800346          
                time2017       5.096245  4.651694  1.0956 0.2739442          
                time2018       5.024928  4.653312  1.0799 0.2808717          
                time2019       4.950558  4.655308  1.0634 0.2882485          
                iis41         -0.756101  0.151936 -4.9764 9.735e-07 ***      
                iis43         -0.626106  0.151166 -4.1418 4.227e-05 ***      
                iis49         -0.469946  0.151572 -3.1005 0.0020724 **       
                iis57         -0.641998  0.150983 -4.2521 2.653e-05 ***      
                iis58         -0.624115  0.153704 -4.0605 5.920e-05 ***      
                iis62          0.573904  0.152446  3.7646 0.0001925 ***      
                iis63          0.552726  0.152344  3.6281 0.0003234 ***      
                iis71          0.370602  0.152027  2.4377 0.0152251 *        
                iis72          0.661184  0.152009  4.3496 1.743e-05 ***      
                iis74         -0.663420  0.152360 -4.3543 1.708e-05 ***      
                iis75          0.570518  0.152672  3.7369 0.0002141 ***      
                iis98         -0.494664  0.151354 -3.2682 0.0011781 **       
                iis156        -0.426606  0.159854 -2.6687 0.0079319 **       
                iis173        -0.467081  0.206523 -2.2616 0.0242696 *        
                iis248         0.324594  0.158315  2.0503 0.0410025 *        
                iis255         0.450557  0.151088  2.9821 0.0030426 **       
                iis272         0.442817  0.151581  2.9213 0.0036882 **       
                iis382         0.452351  0.163382  2.7687 0.0058972 **       
                iis385         0.483276  0.164393  2.9398 0.0034801 **       
                iis400        -0.527632  0.179642 -2.9371 0.0035092 **       
                iis402         1.124509  0.180863  6.2174 1.301e-09 ***      
                iis403         0.674839  0.179252  3.7647 0.0001924 ***      
                iis404         1.066832  0.179045  5.9584 5.696e-09 ***      
                iis406         0.457658  0.163159  2.8050 0.0052839 **       
                iis407         0.783215  0.159720  4.9037 1.383e-06 ***      
                iis408         0.599560  0.159631  3.7559 0.0001991 ***      
                iis410         0.409324  0.160060  2.5573 0.0109257 *        
                iis411         0.375733  0.157757  2.3817 0.0177109 *        
                iis415         0.622107  0.158094  3.9350 9.848e-05 ***      
                iis417         0.402399  0.158227  2.5432 0.0113703 *        
                fesisCAN.2004 -0.271329  0.093706 -2.8955 0.0039980 **       
                fesisCHN.2015  0.304471  0.093022  3.2731 0.0011586 **       
                fesisDNK.2007  0.196540  0.080058  2.4550 0.0145251 *        
                fesisESP.2003  0.384777  0.152643  2.5208 0.0121082 *        
                fesisNOR.2012 -0.270420  0.086783 -3.1161 0.0019685 **       
                fesisNOR.2016  0.373267  0.103191  3.6172 0.0003369 ***      
                fesisRUS.2007 -0.234535  0.093409 -2.5108 0.0124483 *        
                fesisSGP.2007  0.508141  0.130665  3.8889 0.0001184 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df  p-value         
                Ljung-Box AR(1)   4.1498  1 0.041640 *       
                Ljung-Box ARCH(1) 9.3546  1 0.002224 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.14267      
                R-squared          0.99252      
                Log-lik.(n=475)  293.43073      

Max Count Energy

0.01

                Formula: max_count_energy~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:31:31 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.81630315  0.01619798  50.3954 < 2.2e-16 ***      
                lgdp           0.01842767  0.00487062   3.7834 0.0001781 ***      
                lpop          -0.04814443  0.01603387  -3.0027 0.0028429 **       
                lbrown         0.00119311  0.00079652   1.4979 0.1349396          
                idAUT         -0.01667107  0.01350368  -1.2346 0.2177145          
                idBEL         -0.00958055  0.01013511  -0.9453 0.3450806          
                idBRA          0.08672238  0.03327959   2.6059 0.0095036 **       
                idCAN          0.02036874  0.00766111   2.6587 0.0081563 **       
                idCHE         -0.03172423  0.01490257  -2.1288 0.0338787 *        
                idCHN          0.16018238  0.05988298   2.6749 0.0077790 **       
                idDEU          0.08226210  0.02183073   3.7682 0.0001890 ***      
                idDNK         -0.06489360  0.02261984  -2.8689 0.0043360 **       
                idESP          0.04229626  0.01310334   3.2279 0.0013490 **       
                idFIN         -0.03327900  0.01978319  -1.6822 0.0933074 .        
                idFRA          0.05669592  0.01744656   3.2497 0.0012523 **       
                idGBR          0.05442531  0.01723493   3.1579 0.0017090 **       
                idIND          0.12089399  0.05722259   2.1127 0.0352411 *        
                idISR         -0.04156006  0.01616622  -2.5708 0.0105045 *        
                idITA          0.04682440  0.01610527   2.9074 0.0038459 **       
                idJPN          0.07686169  0.02931343   2.6221 0.0090710 **       
                idKOR         -0.04849063  0.02765425  -1.7535 0.0802833 .        
                idNLD          0.00232227  0.00537173   0.4323 0.6657454          
                idNOR         -0.08740874  0.02569978  -3.4011 0.0007381 ***      
                idRUS          0.01548445  0.02598594   0.5959 0.5515913          
                idSGP         -0.04467628  0.02127892  -2.0996 0.0363893 *        
                idSWE         -0.05816191  0.01632010  -3.5638 0.0004093 ***      
                idTWN          0.01977328  0.00411375   4.8066 2.170e-06 ***      
                idUSA          0.14250443  0.03909238   3.6453 0.0003020 ***      
                time2001       0.29394488  0.23155222   1.2695 0.2050118          
                time2002       0.29244189  0.23164373   1.2625 0.2075119          
                time2003       0.29343407  0.23173316   1.2663 0.2061520          
                time2004       0.29693681  0.23184014   1.2808 0.2010066          
                time2005       0.29858762  0.23194002   1.2873 0.1987117          
                time2006       0.29686462  0.23202151   1.2795 0.2014676          
                time2007       0.30099629  0.23218295   1.2964 0.1955880          
                time2008       0.30046302  0.23233460   1.2932 0.1966709          
                time2009       0.30312788  0.23249673   1.3038 0.1930480          
                time2010       0.30301071  0.23262046   1.3026 0.1934563          
                time2011       0.30085955  0.23272857   1.2927 0.1968387          
                time2012       0.29439224  0.23286998   1.2642 0.2068920          
                time2013       0.29337780  0.23293763   1.2595 0.2085898          
                time2014       0.29501165  0.23305288   1.2659 0.2062955          
                time2015       0.29359643  0.23313529   1.2593 0.2086367          
                time2016       0.29680321  0.23322217   1.2726 0.2038866          
                time2017       0.29986201  0.23333063   1.2851 0.1994822          
                time2018       0.29859641  0.23343166   1.2792 0.2015768          
                time2019       0.29217819  0.23355377   1.2510 0.2116565          
                iis132         0.02510863  0.00964432   2.6035 0.0095695 **       
                iis146        -0.06050770  0.00898630  -6.7333 5.728e-11 ***      
                iis313         0.07131475  0.01001743   7.1191 5.018e-12 ***      
                iis314         0.22184392  0.00941717  23.5574 < 2.2e-16 ***      
                iis315         0.10062542  0.00930796  10.8107 < 2.2e-16 ***      
                iis316        -0.05092620  0.00960001  -5.3048 1.865e-07 ***      
                iis317        -0.07498418  0.00927777  -8.0821 7.496e-15 ***      
                iis323        -0.14422357  0.00911430 -15.8239 < 2.2e-16 ***      
                iis332         0.03709437  0.01067172   3.4760 0.0005644 ***      
                iis333         0.04142126  0.01031228   4.0167 7.041e-05 ***      
                iis336         0.04137949  0.01021987   4.0489 6.172e-05 ***      
                iis339         0.07101222  0.00965320   7.3563 1.068e-12 ***      
                iis463         0.03696035  0.00959783   3.8509 0.0001368 ***      
                iis464         0.05269111  0.00925718   5.6919 2.422e-08 ***      
                iis465         0.04823499  0.00912392   5.2867 2.046e-07 ***      
                iis470        -0.06269377  0.00939159  -6.6755 8.179e-11 ***      
                fesisCHN.2016  0.08437694  0.00668746  12.6172 < 2.2e-16 ***      
                fesisDEU.2007  0.05653113  0.00544036  10.3911 < 2.2e-16 ***      
                fesisDEU.2012 -0.04842625  0.00496219  -9.7591 < 2.2e-16 ***      
                fesisJPN.2009  0.04138366  0.00700987   5.9036 7.556e-09 ***      
                fesisKOR.2009  0.05995060  0.00798505   7.5079 3.898e-13 ***      
                fesisKOR.2014 -0.06377041  0.00842219  -7.5717 2.538e-13 ***      
                fesisKOR.2016  0.03966469  0.00760150   5.2180 2.901e-07 ***      
                fesisUSA.2006  0.05546413  0.00749238   7.4027 7.854e-13 ***      
                fesisUSA.2014 -0.04982030  0.00541881  -9.1940 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                      Chi-sq df  p-value         
                Ljung-Box AR(1)    0.0010054  1 0.974705         
                Ljung-Box ARCH(1) 10.2381166  1 0.001376 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00814      
                R-squared           0.99819      
                Log-lik.(n=475)  1647.06582      
0.05

                Formula: max_count_energy~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:31:32 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.86695035  0.01693313  51.1985 < 2.2e-16 ***      
                lgdp           0.01518520  0.00465074   3.2651 0.0011889 **       
                lpop          -0.03718451  0.01530340  -2.4298 0.0155478 *        
                lbrown         0.00117582  0.00075252   1.5625 0.1189628          
                idAUT         -0.01129369  0.01281769  -0.8811 0.3787942          
                idBEL         -0.00611546  0.00961292  -0.6362 0.5250306          
                idBRA          0.06604903  0.03171964   2.0823 0.0379555 *        
                idCAN          0.01482184  0.00731955   2.0250 0.0435380 *        
                idCHE         -0.02366778  0.01417837  -1.6693 0.0958466 .        
                idCHN          0.12225556  0.05708293   2.1417 0.0328226 *        
                idDEU          0.06300466  0.02092190   3.0114 0.0027661 **       
                idDNK         -0.05021850  0.02157355  -2.3278 0.0204243 *        
                idESP          0.03281881  0.01251970   2.6214 0.0090933 **       
                idFIN         -0.02403898  0.01879619  -1.2789 0.2016676          
                idFRA          0.04290921  0.01669465   2.5702 0.0105257 *        
                idGBR          0.04128603  0.01648203   2.5049 0.0126470 *        
                idIND          0.08949973  0.05445528   1.6435 0.1010598          
                idISR         -0.03144103  0.01540938  -2.0404 0.0419718 *        
                idITA          0.03567496  0.01537587   2.3202 0.0208354 *        
                idJPN          0.04811865  0.02808692   1.7132 0.0874536 .        
                idKOR         -0.04054527  0.02624428  -1.5449 0.1231607          
                idNLD          0.00225243  0.00508392   0.4431 0.6579696          
                idNOR         -0.06854675  0.02455372  -2.7917 0.0054958 **       
                idRUS          0.00776916  0.02464130   0.3153 0.7527067          
                idSGP         -0.03298313  0.02024803  -1.6290 0.1041139          
                idSWE         -0.04593712  0.01560168  -2.9444 0.0034259 **       
                idTWN          0.01595154  0.00394337   4.0452 6.282e-05 ***      
                idUSA          0.10969872  0.03743273   2.9306 0.0035786 **       
                time2001       0.20051457  0.21983330   0.9121 0.3622572          
                time2002       0.19880502  0.21992246   0.9040 0.3665540          
                time2003       0.19845392  0.22000995   0.9020 0.3675905          
                time2004       0.20311349  0.22010996   0.9228 0.3566799          
                time2005       0.20449320  0.22020779   0.9286 0.3536399          
                time2006       0.20223856  0.22031288   0.9180 0.3591954          
                time2007       0.20548284  0.22044437   0.9321 0.3518344          
                time2008       0.20683802  0.22057669   0.9377 0.3489597          
                time2009       0.20789181  0.22074683   0.9418 0.3468838          
                time2010       0.20753566  0.22086103   0.9397 0.3479587          
                time2011       0.20505641  0.22096761   0.9280 0.3539736          
                time2012       0.19816927  0.22112287   0.8962 0.3706902          
                time2013       0.19770407  0.22116347   0.8939 0.3719010          
                time2014       0.19935125  0.22127801   0.9009 0.3681818          
                time2015       0.19808766  0.22135410   0.8949 0.3713865          
                time2016       0.20144365  0.22144331   0.9097 0.3635392          
                time2017       0.20413080  0.22153579   0.9214 0.3573816          
                time2018       0.20333569  0.22163036   0.9175 0.3594603          
                time2019       0.19766869  0.22173295   0.8915 0.3732147          
                iis130         0.08430258  0.00854818   9.8620 < 2.2e-16 ***      
                iis131         0.08986893  0.00894275  10.0494 < 2.2e-16 ***      
                iis132         0.09671532  0.00952516  10.1537 < 2.2e-16 ***      
                iis133         0.04943112  0.01024711   4.8239 2.008e-06 ***      
                iis146        -0.06451277  0.00851633  -7.5752 2.535e-13 ***      
                iis307         0.03112516  0.00862508   3.6087 0.0003470 ***      
                iis311         0.03240328  0.00868234   3.7321 0.0002175 ***      
                iis313         0.14167233  0.01038160  13.6465 < 2.2e-16 ***      
                iis314         0.28627684  0.00981589  29.1646 < 2.2e-16 ***      
                iis315         0.15261611  0.00987073  15.4615 < 2.2e-16 ***      
                iis317        -0.08050133  0.00880854  -9.1390 < 2.2e-16 ***      
                iis323        -0.14605685  0.00861926 -16.9454 < 2.2e-16 ***      
                iis332         0.04709582  0.01016720   4.6321 4.910e-06 ***      
                iis333         0.04635127  0.00975374   4.7522 2.816e-06 ***      
                iis336         0.03913687  0.00966366   4.0499 6.161e-05 ***      
                iis339         0.07450472  0.00914838   8.1440 4.978e-15 ***      
                iis462         0.02761462  0.01043188   2.6471 0.0084400 **       
                iis463         0.05312857  0.00975268   5.4476 8.962e-08 ***      
                iis464         0.06204815  0.00916532   6.7699 4.636e-11 ***      
                iis465         0.05433784  0.00888770   6.1138 2.323e-09 ***      
                iis470        -0.06966992  0.00893037  -7.8015 5.438e-14 ***      
                fesisDEU.2007  0.05018538  0.00525796   9.5446 < 2.2e-16 ***      
                fesisDEU.2012 -0.04843884  0.00468695 -10.3348 < 2.2e-16 ***      
                fesisJPN.2008 -0.02717346  0.00837168  -3.2459 0.0012700 **       
                fesisJPN.2013  0.05785673  0.00662402   8.7344 < 2.2e-16 ***      
                fesisKOR.2009  0.04560775  0.00778977   5.8548 9.999e-09 ***      
                fesisKOR.2014 -0.06756664  0.00797861  -8.4685 4.849e-16 ***      
                fesisKOR.2016  0.03982597  0.00718098   5.5460 5.336e-08 ***      
                fesisUSA.2006  0.03321932  0.00852075   3.8986 0.0001135 ***      
                fesisUSA.2014 -0.04037696  0.00580533  -6.9552 1.453e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df p-value        
                Ljung-Box AR(1)   0.006658  1 0.93497        
                Ljung-Box ARCH(1) 6.081183  1 0.01366 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00769      
                R-squared           0.99840      
                Log-lik.(n=475)  1676.63199      

Solar

Count Solar

0.01

                Formula: count_solar~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:27:15 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            9.0577e-01  1.4388e-02  62.9525 < 2.2e-16 ***      
                gdp           -3.3795e-13  3.9279e-14  -8.6038 < 2.2e-16 ***      
                pop            1.2570e-07  6.2878e-08   1.9991 0.0462631 *        
                brown_patents  2.9496e-02  1.1689e-02   2.5235 0.0119985 *        
                idAUT         -3.8702e-01  8.1031e+00  -0.0478 0.9619296          
                idBEL         -1.7935e+00  8.0902e+00  -0.2217 0.8246687          
                idBRA         -2.5464e+01  1.3546e+01  -1.8798 0.0608472 .        
                idCAN         -4.0627e+00  8.1529e+00  -0.4983 0.6185276          
                idCHE          1.0606e+00  8.1014e+00   0.1309 0.8959096          
                idCHN         -1.3088e+02  8.2019e+01  -1.5958 0.1113156          
                idDEU          5.6848e+01  1.1377e+01   4.9968 8.673e-07 ***      
                idDNK         -1.5536e+00  8.1383e+00  -0.1909 0.8486986          
                idESP         -2.5754e+00  8.1836e+00  -0.3147 0.7531458          
                idFIN         -2.2768e+00  8.1483e+00  -0.2794 0.7800603          
                idFRA         -3.2189e-01  8.6450e+00  -0.0372 0.9703162          
                idGBR         -5.7570e+00  8.5207e+00  -0.6756 0.4996490          
                idIND         -1.2634e+02  7.6305e+01  -1.6557 0.0985489 .        
                idISR          2.9722e+00  8.1032e+00   0.3668 0.7139590          
                idITA         -3.2172e+00  8.3888e+00  -0.3835 0.7015414          
                idJPN          2.0168e+02  2.1893e+01   9.2125 < 2.2e-16 ***      
                idKOR          3.7828e+02  4.3763e+01   8.6439 < 2.2e-16 ***      
                idNLD          2.5388e-01  8.0643e+00   0.0315 0.9749007          
                idNOR         -2.8035e+00  8.1847e+00  -0.3425 0.7321290          
                idRUS          4.3121e+00  1.1171e+01   0.3860 0.6996832          
                idSGP         -2.0472e+00  8.1409e+00  -0.2515 0.8015769          
                idSWE         -9.2201e-01  8.1098e+00  -0.1137 0.9095395          
                idTWN          1.1284e+01  8.1402e+00   1.3862 0.1664460          
                idUSA          1.4131e+00  2.3438e+01   0.0603 0.9519557          
                time2001      -7.2564e+00  7.5432e+00  -0.9620 0.3366340          
                time2002      -8.7541e+00  7.5450e+00  -1.1602 0.2466282          
                time2003      -2.6763e+00  7.5515e+00  -0.3544 0.7232166          
                time2004       6.2397e-01  7.5585e+00   0.0826 0.9342483          
                time2005       8.1219e+00  7.5682e+00   1.0732 0.2838339          
                time2006       6.8106e+00  7.6306e+00   0.8925 0.3726340          
                time2007       1.5013e+01  7.6592e+00   1.9601 0.0506685 .        
                time2008       1.9961e+01  7.8231e+00   2.5516 0.0110884 *        
                time2009       2.9381e+01  7.8155e+00   3.7594 0.0001953 ***      
                time2010       8.0879e+00  7.8853e+00   1.0257 0.3056435          
                time2011       1.0976e+01  7.9823e+00   1.3751 0.1698680          
                time2012      -7.7816e+00  7.9297e+00  -0.9813 0.3270188          
                time2013      -7.8727e+00  7.8851e+00  -0.9984 0.3186633          
                time2014      -1.5082e+01  7.8084e+00  -1.9315 0.0541156 .        
                time2015      -9.3453e-02  7.7324e+00  -0.0121 0.9903630          
                time2016      -9.0665e-01  7.8045e+00  -0.1162 0.9075745          
                time2017      -4.6235e+00  7.8629e+00  -0.5880 0.5568436          
                time2018       8.3827e+00  7.7771e+00   1.0779 0.2817264          
                time2019      -7.9831e+00  7.8413e+00  -1.0181 0.3092466          
                iis131         1.0867e+02  2.9293e+01   3.7096 0.0002364 ***      
                iis141         1.5082e+02  2.6658e+01   5.6576 2.898e-08 ***      
                iis145        -1.1632e+02  2.7996e+01  -4.1548 3.970e-05 ***      
                iis146        -1.2979e+02  2.7534e+01  -4.7137 3.345e-06 ***      
                iis312         2.4992e+02  2.6957e+01   9.2712 < 2.2e-16 ***      
                iis313         4.1590e+02  2.7051e+01  15.3746 < 2.2e-16 ***      
                iis314         4.6925e+02  2.8190e+01  16.6461 < 2.2e-16 ***      
                iis316        -1.6808e+02  2.8964e+01  -5.8031 1.310e-08 ***      
                iis321        -8.3974e+01  2.7412e+01  -3.0635 0.0023333 **       
                iis339         2.6421e+02  2.7042e+01   9.7703 < 2.2e-16 ***      
                iis462         3.3820e+02  2.8873e+01  11.7134 < 2.2e-16 ***      
                iis463         2.7196e+02  2.8535e+01   9.5308 < 2.2e-16 ***      
                iis464         4.7098e+02  2.8557e+01  16.4924 < 2.2e-16 ***      
                iis465         2.9794e+02  2.8842e+01  10.3304 < 2.2e-16 ***      
                iis466         1.9825e+02  2.8994e+01   6.8376 2.961e-11 ***      
                fesisCHN.2015  1.4500e+02  1.7449e+01   8.3097 1.446e-15 ***      
                fesisCHN.2019 -3.4057e+02  2.9980e+01 -11.3599 < 2.2e-16 ***      
                fesisDEU.2012 -7.5097e+01  1.3152e+01  -5.7098 2.184e-08 ***      
                fesisJPN.2012 -6.0193e+01  1.4331e+01  -4.2002 3.279e-05 ***      
                fesisKOR.2007  2.0727e+02  2.1686e+01   9.5578 < 2.2e-16 ***      
                fesisUSA.2006 -1.0497e+02  1.8833e+01  -5.5736 4.548e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   16.244  1 5.567e-05 ***      
                Ljung-Box ARCH(1) 52.863  1 3.577e-13 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    24.82013      
                R-squared            0.99182      
                Log-lik.(n=475)  -2165.53197      
0.05

                Formula: count_solar~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:27:14 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.1571e-01  1.5044e-02  54.2229 < 2.2e-16 ***      
                gdp           -1.0535e-13  3.7467e-14  -2.8119 0.0051713 **       
                pop            4.6994e-08  5.0206e-08   0.9360 0.3498373          
                brown_patents  7.4480e-02  1.0821e-02   6.8829 2.321e-11 ***      
                idAUT         -2.8401e+00  6.4003e+00  -0.4437 0.6574740          
                idBEL         -4.3603e+00  6.3907e+00  -0.6823 0.4954627          
                idBRA         -1.6228e+01  1.0785e+01  -1.5046 0.1332167          
                idCAN         -7.3000e+00  6.4549e+00  -1.1309 0.2587796          
                idCHE          2.5048e-01  6.3968e+00   0.0392 0.9687852          
                idCHN         -3.6507e+01  6.5318e+01  -0.5589 0.5765371          
                idDEU          3.8846e+01  1.0037e+01   3.8702 0.0001272 ***      
                idDNK         -6.0348e+00  6.4348e+00  -0.9378 0.3489088          
                idESP         -8.4860e-01  6.4632e+00  -0.1313 0.8956079          
                idFIN         -7.3884e+00  6.4508e+00  -1.1453 0.2527628          
                idFRA          1.9358e+00  6.8097e+00   0.2843 0.7763474          
                idGBR         -5.3633e+00  6.7287e+00  -0.7971 0.4258848          
                idIND         -5.3838e+01  6.0723e+01  -0.8866 0.3758321          
                idISR          2.0307e+00  6.3980e+00   0.3174 0.7511062          
                idITA          2.3106e-01  6.6243e+00   0.0349 0.9721921          
                idJPN          1.1153e+02  2.0168e+01   5.5301 5.840e-08 ***      
                idKOR          1.2753e+02  4.1306e+01   3.0873 0.0021626 **       
                idNLD         -1.2315e+00  6.3691e+00  -0.1934 0.8467761          
                idNOR         -1.0029e+01  6.4985e+00  -1.5432 0.1235814          
                idRUS         -9.1803e+00  8.9051e+00  -1.0309 0.3032173          
                idSGP         -6.1849e+00  6.4361e+00  -0.9610 0.3371616          
                idSWE         -5.3001e+00  6.4120e+00  -0.8266 0.4089629          
                idTWN          1.9005e+01  6.4795e+00   2.9331 0.0035522 **       
                idUSA         -2.8569e+01  1.9780e+01  -1.4443 0.1494391          
                time2001      -1.1535e+00  5.9652e+00  -0.1934 0.8467740          
                time2002      -3.2322e+00  5.9634e+00  -0.5420 0.5881254          
                time2003       2.4976e+00  5.9677e+00   0.4185 0.6757909          
                time2004       5.6722e+00  5.9728e+00   0.9497 0.3428539          
                time2005       9.4892e+00  6.0275e+00   1.5743 0.1162171          
                time2006       1.0635e+01  6.0380e+00   1.7614 0.0789440 .        
                time2007       1.7750e+01  6.0739e+00   2.9223 0.0036751 **       
                time2008       2.1758e+01  6.2374e+00   3.4884 0.0005408 ***      
                time2009       3.1271e+01  6.2299e+00   5.0195 7.862e-07 ***      
                time2010       1.6669e+01  6.2675e+00   2.6595 0.0081445 **       
                time2011       1.2966e+01  6.3611e+00   2.0383 0.0421830 *        
                time2012       4.3933e+00  6.3347e+00   0.6935 0.4883878          
                time2013      -2.9234e+00  6.2834e+00  -0.4653 0.6420000          
                time2014      -4.3843e+00  6.2129e+00  -0.7057 0.4808018          
                time2015       1.8819e+00  6.1782e+00   0.3046 0.7608303          
                time2016       3.4240e+00  6.2615e+00   0.5468 0.5848022          
                time2017       7.1618e+00  6.3265e+00   1.1320 0.2583099          
                time2018       9.6385e+00  6.2388e+00   1.5449 0.1231627          
                time2019      -8.6690e+00  6.2016e+00  -1.3979 0.1629387          
                iis129         1.0154e+02  2.0920e+01   4.8540 1.747e-06 ***      
                iis130         1.6653e+02  2.1253e+01   7.8357 4.384e-14 ***      
                iis131         2.6294e+02  2.1616e+01  12.1639 < 2.2e-16 ***      
                iis132         2.0757e+02  2.2497e+01   9.2264 < 2.2e-16 ***      
                iis133        -1.4486e+02  2.3331e+01  -6.2090 1.354e-09 ***      
                iis141         9.6308e+01  2.2576e+01   4.2659 2.495e-05 ***      
                iis145        -8.2952e+01  2.2533e+01  -3.6814 0.0002643 ***      
                iis146        -1.0848e+02  2.1836e+01  -4.9680 1.010e-06 ***      
                iis312         1.1556e+02  3.2464e+01   3.5598 0.0004165 ***      
                iis313         3.1423e+02  3.0613e+01  10.2646 < 2.2e-16 ***      
                iis314         3.9479e+02  2.8880e+01  13.6697 < 2.2e-16 ***      
                iis316        -1.2188e+02  2.3823e+01  -5.1162 4.881e-07 ***      
                iis321        -1.1372e+02  2.2050e+01  -5.1575 3.973e-07 ***      
                iis322        -7.6168e+01  2.2427e+01  -3.3963 0.0007526 ***      
                iis331         1.0278e+02  2.3619e+01   4.3515 1.725e-05 ***      
                iis332         1.1391e+02  2.3206e+01   4.9089 1.344e-06 ***      
                iis334         1.0796e+02  2.1666e+01   4.9829 9.396e-07 ***      
                iis339         2.4782e+02  2.1694e+01  11.4235 < 2.2e-16 ***      
                iis340        -1.0341e+02  2.2229e+01  -4.6521 4.493e-06 ***      
                iis461         9.3429e+01  2.1682e+01   4.3091 2.073e-05 ***      
                iis462         2.6521e+02  2.1414e+01  12.3852 < 2.2e-16 ***      
                iis463         2.2579e+02  2.1695e+01  10.4075 < 2.2e-16 ***      
                iis464         4.4275e+02  2.2205e+01  19.9390 < 2.2e-16 ***      
                iis465         3.0058e+02  2.3858e+01  12.5990 < 2.2e-16 ***      
                iis466         2.0634e+02  2.4608e+01   8.3852 9.105e-16 ***      
                iis468        -9.4207e+01  2.2733e+01  -4.1441 4.179e-05 ***      
                iis470        -2.0357e+02  2.5572e+01  -7.9605 1.848e-14 ***      
                iis472        -1.0388e+02  2.1685e+01  -4.7905 2.360e-06 ***      
                iis473        -1.3341e+02  2.1286e+01  -6.2674 9.639e-10 ***      
                fesisDEU.2007  1.0198e+02  1.4124e+01   7.2199 2.701e-12 ***      
                fesisDEU.2012 -1.3958e+02  1.3546e+01 -10.3043 < 2.2e-16 ***      
                fesisJPN.2008  1.4549e+02  2.7181e+01   5.3527 1.474e-07 ***      
                fesisJPN.2012 -1.5583e+02  2.4063e+01  -6.4760 2.809e-10 ***      
                fesisKOR.2007  1.2570e+02  2.1722e+01   5.7869 1.464e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    2.5131  1    0.1129          
                Ljung-Box ARCH(1) 21.8443  1 2.957e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    19.59616      
                R-squared            0.99506      
                Log-lik.(n=475)  -2046.77932      

Log Count Solar

0.01

                Formula: log_count_solar~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:28:25 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.305554   0.038221  7.9943 1.313e-14 ***      
                lgdp            0.993298   0.191786  5.1792 3.486e-07 ***      
                lpop           -0.857035   0.559329 -1.5323 0.1262230          
                lbrown          0.084523   0.029249  2.8898 0.0040573 **       
                idAUT           0.323115   0.468110  0.6903 0.4904206          
                idBEL           0.213572   0.352958  0.6051 0.5454489          
                idBRA          -0.957416   1.160026 -0.8253 0.4096539          
                idCAN          -0.069410   0.265189 -0.2617 0.7936554          
                idCHE          -0.044981   0.514735 -0.0874 0.9304068          
                idCHN           0.686969   2.056929  0.3340 0.7385652          
                idDEU           1.650734   0.703078  2.3479 0.0193512 *        
                idDNK          -2.311157   0.800457 -2.8873 0.0040893 **       
                idESP          -0.296564   0.484929 -0.6116 0.5411633          
                idFIN          -0.384077   0.680358 -0.5645 0.5727044          
                idFRA           0.960064   0.598354  1.6045 0.1093646          
                idGBR           0.849575   0.595088  1.4276 0.1541478          
                idIND          -0.998654   1.975256 -0.5056 0.6134193          
                idISR          -0.480671   0.559426 -0.8592 0.3907160          
                idITA           0.799793   0.560358  1.4273 0.1542505          
                idJPN          -2.623466   0.989188 -2.6521 0.0083056 **       
                idKOR          -5.268373   1.094840 -4.8120 2.097e-06 ***      
                idNLD           0.445600   0.197276  2.2588 0.0244175 *        
                idNOR          -3.220223   0.911081 -3.5345 0.0004546 ***      
                idRUS          -3.662645   0.929268 -3.9414 9.507e-05 ***      
                idSGP          -0.739598   0.728208 -1.0156 0.3103934          
                idSWE          -2.411665   0.589849 -4.0886 5.215e-05 ***      
                idTWN           0.477166   0.185966  2.5659 0.0106427 *        
                idUSA           1.355091   1.306370  1.0373 0.3002040          
                time2001      -11.581302   8.049602 -1.4387 0.1509791          
                time2002      -11.551515   8.050048 -1.4350 0.1520528          
                time2003      -11.380680   8.052638 -1.4133 0.1583231          
                time2004      -11.320926   8.055175 -1.4054 0.1606456          
                time2005      -11.195763   8.058053 -1.3894 0.1654615          
                time2006      -11.036316   8.062143 -1.3689 0.1717709          
                time2007      -10.826764   8.065027 -1.3424 0.1801911          
                time2008      -10.608006   8.066535 -1.3151 0.1892164          
                time2009      -10.416986   8.068239 -1.2911 0.1973859          
                time2010      -10.491729   8.069912 -1.3001 0.1942885          
                time2011      -10.575540   8.072969 -1.3100 0.1909243          
                time2012      -10.583940   8.076467 -1.3105 0.1907646          
                time2013      -10.906745   8.079404 -1.3499 0.1777714          
                time2014      -10.922311   8.084796 -1.3510 0.1774431          
                time2015      -11.053757   8.089051 -1.3665 0.1725211          
                time2016      -10.975016   8.093812 -1.3560 0.1758459          
                time2017      -11.053928   8.096806 -1.3652 0.1729250          
                time2018      -11.113601   8.100405 -1.3720 0.1708123          
                time2019      -11.274529   8.104267 -1.3912 0.1649167          
                iis67          -0.917892   0.318594 -2.8811 0.0041694 **       
                iis156         -1.104563   0.315844 -3.4972 0.0005211 ***      
                iis164         -1.136699   0.314900 -3.6097 0.0003441 ***      
                iis187         -1.118543   0.315610 -3.5441 0.0004389 ***      
                iis325         -0.992074   0.336787 -2.9457 0.0034041 **       
                iis363         -1.152782   0.315601 -3.6527 0.0002928 ***      
                iis382          1.371553   0.321616  4.2646 2.484e-05 ***      
                iis383          1.204244   0.321542  3.7452 0.0002058 ***      
                iis405         -1.791627   0.318310 -5.6286 3.355e-08 ***      
                fesisBRA.2014   0.811450   0.156220  5.1943 3.231e-07 ***      
                fesisCHN.2015   0.659861   0.194897  3.3857 0.0007778 ***      
                fesisESP.2003   1.296840   0.232829  5.5699 4.594e-08 ***      
                fesisKOR.2007   0.639235   0.172064  3.7151 0.0002310 ***      
                fesisTWN.2007   0.824418   0.162225  5.0819 5.666e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df  p-value          
                Ljung-Box AR(1)    0.79813  1   0.3717          
                Ljung-Box ARCH(1) 20.62375  1 5.59e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.29947      
                R-squared          0.96884      
                Log-lik.(n=475)  -70.76430      
0.05

                Formula: log_count_solar~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:29:23 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.297168   0.034892  8.5167 3.459e-16 ***      
                lgdp            1.032838   0.171506  6.0222 3.932e-09 ***      
                lpop            0.133193   0.522997  0.2547 0.7991088          
                lbrown          0.064639   0.026362  2.4519 0.0146396 *        
                idAUT           0.902850   0.429057  2.1043 0.0359851 *        
                idBEL           0.415962   0.325093  1.2795 0.2014644          
                idBRA          -3.365155   1.130167 -2.9776 0.0030840 **       
                idCAN          -0.959955   0.293490 -3.2708 0.0011663 **       
                idCHE           0.506511   0.471284  1.0747 0.2831427          
                idCHN          -3.995221   1.980668 -2.0171 0.0443586 *        
                idDEU          -0.146141   0.691208 -0.2114 0.8326616          
                idDNK          -1.554220   0.730752 -2.1269 0.0340480 *        
                idESP          -1.413499   0.478463 -2.9542 0.0033214 **       
                idFIN           0.502417   0.625014  0.8038 0.4219665          
                idFRA          -0.603995   0.594022 -1.0168 0.3098747          
                idGBR          -0.684485   0.590089 -1.1600 0.2467601          
                idIND          -5.721540   1.915102 -2.9876 0.0029869 **       
                idISR           0.021440   0.512106  0.0419 0.9666271          
                idITA          -0.697279   0.560687 -1.2436 0.2143768          
                idJPN          -5.056273   0.964035 -5.2449 2.552e-07 ***      
                idKOR          -6.816771   1.014015 -6.7226 6.248e-11 ***      
                idNLD           0.232683   0.195028  1.1931 0.2335547          
                idNOR          -1.999833   0.849696 -2.3536 0.0190813 *        
                idRUS          -6.259879   0.930596 -6.7267 6.089e-11 ***      
                idSGP           0.133969   0.663971  0.2018 0.8402010          
                idSWE          -2.153946   0.535892 -4.0194 6.986e-05 ***      
                idTWN          -0.083836   0.209273 -0.4006 0.6889270          
                idUSA          -1.776756   1.265942 -1.4035 0.1612499          
                time2001      -28.809411   7.655759 -3.7631 0.0001932 ***      
                time2002      -28.848370   7.656391 -3.7679 0.0001897 ***      
                time2003      -28.656133   7.661117 -3.7405 0.0002108 ***      
                time2004      -28.563576   7.660661 -3.7286 0.0002206 ***      
                time2005      -28.365107   7.664077 -3.7010 0.0002451 ***      
                time2006      -28.276798   7.664364 -3.6894 0.0002562 ***      
                time2007      -28.040633   7.666397 -3.6576 0.0002890 ***      
                time2008      -27.801589   7.667672 -3.6258 0.0003256 ***      
                time2009      -27.615784   7.669043 -3.6009 0.0003574 ***      
                time2010      -27.699190   7.670495 -3.6111 0.0003440 ***      
                time2011      -27.783847   7.673246 -3.6209 0.0003317 ***      
                time2012      -27.799511   7.676453 -3.6214 0.0003311 ***      
                time2013      -28.125366   7.679259 -3.6625 0.0002837 ***      
                time2014      -28.126796   7.685126 -3.6599 0.0002865 ***      
                time2015      -28.266827   7.689087 -3.6762 0.0002693 ***      
                time2016      -28.196697   7.693690 -3.6649 0.0002811 ***      
                time2017      -28.285823   7.696642 -3.6751 0.0002705 ***      
                time2018      -28.390365   7.700961 -3.6866 0.0002589 ***      
                time2019      -28.608865   7.705995 -3.7125 0.0002346 ***      
                iis67          -0.803723   0.281363 -2.8565 0.0045087 **       
                iis76           0.671460   0.291547  2.3031 0.0217913 *        
                iis81          -0.877486   0.273266 -3.2111 0.0014302 **       
                iis100         -0.728915   0.273127 -2.6688 0.0079258 **       
                iis154          0.801801   0.275979  2.9053 0.0038749 **       
                iis156         -1.045157   0.275501 -3.7937 0.0001716 ***      
                iis159          0.593236   0.274434  2.1617 0.0312421 *        
                iis164         -1.097408   0.274464 -3.9984 7.609e-05 ***      
                iis166         -0.663159   0.274691 -2.4142 0.0162224 *        
                iis187         -1.141465   0.273487 -4.1737 3.686e-05 ***      
                iis209          0.993093   0.274249  3.6211 0.0003314 ***      
                iis249          0.838572   0.279119  3.0043 0.0028306 **       
                iis325         -0.938140   0.292421 -3.2082 0.0014445 **       
                iis363         -1.298464   0.291608 -4.4528 1.104e-05 ***      
                iis382          1.471071   0.281219  5.2310 2.737e-07 ***      
                iis383          1.304291   0.280114  4.6563 4.401e-06 ***      
                iis386          0.713835   0.275961  2.5867 0.0100451 *        
                iis398          1.459085   0.376675  3.8736 0.0001255 ***      
                iis402          0.962487   0.281935  3.4139 0.0007066 ***      
                iis404          0.918908   0.279712  3.2852 0.0011099 **       
                iis405         -1.560583   0.278422 -5.6051 3.907e-08 ***      
                fesisAUS.2005  -0.692825   0.160513 -4.3163 2.007e-05 ***      
                fesisAUT.2015  -0.620353   0.152090 -4.0789 5.474e-05 ***      
                fesisAUT.2019   0.960007   0.297504  3.2269 0.0013556 **       
                fesisBRA.2005  -0.487095   0.164606 -2.9592 0.0032701 **       
                fesisBRA.2014   0.808228   0.154393  5.2349 2.685e-07 ***      
                fesisCHN.2015   0.659643   0.171150  3.8542 0.0001354 ***      
                fesisESP.2003   1.170187   0.202334  5.7834 1.487e-08 ***      
                fesisKOR.2007   0.614011   0.149922  4.0955 5.109e-05 ***      
                fesisNOR.2007  -0.400253   0.142070 -2.8173 0.0050855 **       
                fesisRUS.2018  -0.584550   0.277672 -2.1052 0.0359048 *        
                fesisTWN.2007   0.803749   0.141422  5.6833 2.565e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                      Chi-sq df p-value      
                Ljung-Box AR(1)   0.00001517  1  0.9969      
                Ljung-Box ARCH(1) 0.59760795  1  0.4395      
                                              
                SE of regression 0.25942      
                R-squared        0.97763      
                Log-lik.(n=475)  6.42549      

Ihs Count Solar

0.01

                Formula: ihs_count_solar~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:30:33 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.270020   0.038159  7.0762 6.392e-12 ***      
                lgdp            1.480067   0.186428  7.9391 1.943e-14 ***      
                lpop           -1.511825   0.633123 -2.3879 0.0173943 *        
                lbrown          0.064050   0.032744  1.9561 0.0511272 .        
                idAUT          -0.033093   0.556017 -0.0595 0.9525677          
                idBEL          -0.075954   0.420741 -0.1805 0.8568297          
                idBRA          -0.781021   1.399215 -0.5582 0.5770201          
                idCAN          -0.277796   0.364621 -0.7619 0.4465690          
                idCHE          -0.723412   0.598127 -1.2095 0.2271768          
                idCHN           1.571292   2.492656  0.6304 0.5288020          
                idDEU           1.912739   0.861613  2.2200 0.0269643 *        
                idDNK          -3.874168   0.876523 -4.4199 1.264e-05 ***      
                idESP          -0.324699   0.573025 -0.5666 0.5712669          
                idFIN          -0.910525   0.808008 -1.1269 0.2604490          
                idFRA           1.161709   0.734089  1.5825 0.1142966          
                idGBR           1.091086   0.723744  1.5076 0.1324321          
                idIND          -0.784023   2.439864 -0.3213 0.7481163          
                idISR          -1.441090   0.635069 -2.2692 0.0237721 *        
                idITA           0.987409   0.686039  1.4393 0.1508262          
                idJPN          -4.575826   1.241003 -3.6872 0.0002570 ***      
                idKOR          -8.319541   1.181093 -7.0439 7.863e-12 ***      
                idNLD           0.241936   0.242923  0.9959 0.3198637          
                idNOR          -5.069965   0.983605 -5.1545 3.951e-07 ***      
                idRUS          -4.915849   1.215270 -4.0451 6.243e-05 ***      
                idSGP          -2.298177   0.937979 -2.4501 0.0146943 *        
                idSWE          -3.929262   0.621468 -6.3225 6.684e-10 ***      
                idTWN           0.302251   0.250129  1.2084 0.2275920          
                idUSA           1.689224   1.611537  1.0482 0.2951562          
                time2001      -13.136722   9.974936 -1.3170 0.1885779          
                time2002      -13.073613   9.976327 -1.3105 0.1907673          
                time2003      -12.945710   9.979165 -1.2973 0.1952611          
                time2004      -12.821841   9.981982 -1.2845 0.1996876          
                time2005      -12.704023   9.980033 -1.2729 0.2037540          
                time2006      -12.536226   9.986154 -1.2554 0.2100576          
                time2007      -12.306328   9.988880 -1.2320 0.2186490          
                time2008      -12.063243   9.990516 -1.2075 0.2279424          
                time2009      -11.834459   9.992042 -1.1844 0.2369405          
                time2010      -11.922152   9.994405 -1.1929 0.2336002          
                time2011      -12.008132   9.998590 -1.2010 0.2304463          
                time2012      -12.010768  10.002986 -1.2007 0.2305487          
                time2013      -12.353495  10.006795 -1.2345 0.2177146          
                time2014      -12.390118  10.013658 -1.2373 0.2166706          
                time2015      -12.506340  10.018226 -1.2484 0.2126069          
                time2016      -12.475201  10.023691 -1.2446 0.2139951          
                time2017      -12.526047  10.028104 -1.2491 0.2123381          
                time2018      -12.597147  10.032676 -1.2556 0.2099666          
                time2019      -12.779745  10.037471 -1.2732 0.2036619          
                iis67          -1.056308   0.347740 -3.0376 0.0025357 **       
                iis156         -1.499348   0.344632 -4.3506 1.713e-05 ***      
                iis164         -1.220090   0.343441 -3.5525 0.0004255 ***      
                iis325         -1.056518   0.367534 -2.8746 0.0042544 **       
                iis363         -1.630474   0.344574 -4.7318 3.060e-06 ***      
                iis382          1.651813   0.349777  4.7225 3.197e-06 ***      
                iis383          1.497451   0.350072  4.2776 2.350e-05 ***      
                iis402          1.536851   0.388243  3.9585 8.880e-05 ***      
                iis405         -2.370254   0.354819 -6.6802 7.735e-11 ***      
                fesisAUS.2005  -0.589787   0.201906 -2.9211 0.0036793 **       
                fesisBRA.2014   1.067889   0.172154  6.2031 1.346e-09 ***      
                fesisESP.2003   1.473313   0.253412  5.8139 1.223e-08 ***      
                fesisKOR.2007   0.557824   0.183609  3.0381 0.0025319 **       
                fesisSGP.2005   0.842350   0.233348  3.6098 0.0003440 ***      
                fesisTWN.2007   0.839117   0.175051  4.7936 2.290e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.59575  1 0.4402037          
                Ljung-Box ARCH(1) 13.99361  1 0.0001834 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.32669      
                R-squared           0.96686      
                Log-lik.(n=475)  -111.58827      
0.05

                Formula: ihs_count_solar~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:30:29 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.238499   0.034735  6.8663 2.584e-11 ***      
                lgdp            1.274037   0.184904  6.8903 2.223e-11 ***      
                lpop           -0.103846   0.576450 -0.1801 0.8571302          
                lbrown          0.042958   0.028753  1.4940 0.1359676          
                idAUT           0.954585   0.483460  1.9745 0.0490262 *        
                idBEL           0.455308   0.364570  1.2489 0.2124478          
                idBRA          -3.679440   1.262470 -2.9145 0.0037667 **       
                idCAN          -0.918422   0.325674 -2.8201 0.0050446 **       
                idCHE           0.381721   0.526107  0.7256 0.4685409          
                idCHN          -3.761462   2.222632 -1.6923 0.0913727 .        
                idDEU           0.159071   0.768086  0.2071 0.8360386          
                idDNK          -2.220306   0.796252 -2.7884 0.0055535 **       
                idESP          -1.032294   0.553184 -1.8661 0.0627728 .        
                idFIN           0.209469   0.696579  0.3007 0.7637944          
                idFRA          -0.364658   0.659666 -0.5528 0.5807199          
                idGBR          -0.438944   0.653673 -0.6715 0.5022939          
                idIND          -5.842440   2.160083 -2.7047 0.0071333 **       
                idISR          -0.223611   0.566308 -0.3949 0.6931618          
                idITA          -0.498559   0.620025 -0.8041 0.4218279          
                idJPN          -5.853346   1.103613 -5.3038 1.897e-07 ***      
                idKOR          -8.186868   1.121962 -7.2969 1.642e-12 ***      
                idNLD           0.329009   0.211864  1.5529 0.1212462          
                idNOR          -2.866268   0.908996 -3.1532 0.0017388 **       
                idRUS          -6.971391   1.068247 -6.5260 2.086e-10 ***      
                idSGP          -0.883573   0.823897 -1.0724 0.2841847          
                idSWE          -2.728274   0.576088 -4.7359 3.051e-06 ***      
                idTWN          -0.056969   0.222806 -0.2557 0.7983230          
                idUSA          -1.500665   1.423551 -1.0542 0.2924528          
                time2001      -30.849363   8.726174 -3.5353 0.0004559 ***      
                time2002      -30.814561   8.727214 -3.5309 0.0004633 ***      
                time2003      -30.645916   8.729449 -3.5106 0.0004989 ***      
                time2004      -30.546060   8.727807 -3.4999 0.0005188 ***      
                time2005      -30.363270   8.731166 -3.4776 0.0005625 ***      
                time2006      -30.200886   8.732761 -3.4583 0.0006030 ***      
                time2007      -29.994763   8.735123 -3.4338 0.0006585 ***      
                time2008      -29.714060   8.736047 -3.4013 0.0007394 ***      
                time2009      -29.490537   8.736738 -3.3755 0.0008103 ***      
                time2010      -29.563969   8.738551 -3.3832 0.0007885 ***      
                time2011      -29.654948   8.741842 -3.3923 0.0007635 ***      
                time2012      -29.690130   8.746516 -3.3945 0.0007575 ***      
                time2013      -30.011159   8.749357 -3.4301 0.0006673 ***      
                time2014      -30.055776   8.756236 -3.4325 0.0006616 ***      
                time2015      -30.186224   8.761059 -3.4455 0.0006315 ***      
                time2016      -30.117749   8.766541 -3.4355 0.0006544 ***      
                time2017      -30.220235   8.769794 -3.4459 0.0006305 ***      
                time2018      -30.335919   8.774634 -3.4572 0.0006054 ***      
                time2019      -30.559742   8.779681 -3.4807 0.0005561 ***      
                iis67          -1.156371   0.303570 -3.8092 0.0001617 ***      
                iis76           0.741563   0.308755  2.4018 0.0167787 *        
                iis81          -0.882473   0.289322 -3.0501 0.0024424 **       
                iis154          0.899057   0.292830  3.0702 0.0022874 **       
                iis156         -1.336128   0.291802 -4.5789 6.282e-06 ***      
                iis157          0.601617   0.295661  2.0348 0.0425397 *        
                iis159          0.733892   0.290890  2.5229 0.0120323 *        
                iis164         -1.067927   0.290535 -3.6757 0.0002701 ***      
                iis173         -0.885187   0.398432 -2.2217 0.0268742 *        
                iis187         -1.179394   0.289675 -4.0714 5.652e-05 ***      
                iis209          0.774128   0.300988  2.5720 0.0104792 *        
                iis249          0.865379   0.296988  2.9139 0.0037741 **       
                iis325         -1.041394   0.310093 -3.3583 0.0008607 ***      
                iis363         -1.659808   0.294891 -5.6285 3.462e-08 ***      
                iis382          1.582027   0.299133  5.2887 2.050e-07 ***      
                iis383          1.476188   0.296449  4.9796 9.559e-07 ***      
                iis386          0.761348   0.292918  2.5992 0.0096965 **       
                iis398          1.667230   0.398934  4.1792 3.608e-05 ***      
                iis402          0.880856   0.304017  2.8974 0.0039734 **       
                iis404          0.922821   0.300668  3.0692 0.0022949 **       
                iis405         -2.164207   0.299075 -7.2363 2.437e-12 ***      
                fesisAUS.2005  -0.772145   0.171249 -4.5089 8.613e-06 ***      
                fesisAUT.2015  -0.463193   0.149191 -3.1047 0.0020427 **       
                fesisBRA.2005  -0.964452   0.244308 -3.9477 9.349e-05 ***      
                fesisBRA.2007   0.817185   0.230599  3.5438 0.0004419 ***      
                fesisBRA.2014   0.852077   0.175526  4.8544 1.745e-06 ***      
                fesisCHN.2015   0.663532   0.180712  3.6718 0.0002742 ***      
                fesisESP.2003   1.000587   0.291460  3.4330 0.0006604 ***      
                fesisFIN.2012   0.535015   0.142473  3.7552 0.0001994 ***      
                fesisKOR.2007   0.657419   0.157714  4.1684 3.775e-05 ***      
                fesisNOR.2013  -0.491730   0.145580 -3.3777 0.0008038 ***      
                fesisNOR.2019   0.927918   0.303768  3.0547 0.0024065 **       
                fesisRUS.2018  -0.730198   0.294316 -2.4810 0.0135189 *        
                fesisSGP.2003   0.893786   0.230112  3.8841 0.0001205 ***      
                fesisTWN.2007   0.909730   0.149637  6.0796 2.855e-09 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df p-value      
                Ljung-Box AR(1)   0.014473  1  0.9042      
                Ljung-Box ARCH(1) 1.371269  1  0.2416      
                                                
                SE of regression   0.27465      
                R-squared          0.97771      
                Log-lik.(n=475)  -19.16846      

Max Count Solar

0.01

                Formula: max_count_solar~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:32:21 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.9186210  0.0129671  70.8425 < 2.2e-16 ***      
                lgdp           0.0042717  0.0089404   0.4778 0.6330476          
                lpop          -0.0202827  0.0284726  -0.7124 0.4766511          
                lbrown         0.0024807  0.0014358   1.7277 0.0847917 .        
                idAUT         -0.0142456  0.0239362  -0.5951 0.5520739          
                idBEL         -0.0102090  0.0179968  -0.5673 0.5708440          
                idBRA          0.0369172  0.0590206   0.6255 0.5319948          
                idCAN          0.0023060  0.0135217   0.1705 0.8646718          
                idCHE         -0.0173335  0.0263732  -0.6572 0.5113970          
                idCHN          0.0781042  0.1057735   0.7384 0.4606901          
                idDEU          0.0581533  0.0374714   1.5519 0.1214528          
                idDNK         -0.0315911  0.0404014  -0.7819 0.4347096          
                idESP          0.0149832  0.0233639   0.6413 0.5216883          
                idFIN         -0.0244393  0.0349880  -0.6985 0.4852597          
                idFRA          0.0188605  0.0306891   0.6146 0.5391829          
                idGBR          0.0157065  0.0304086   0.5165 0.6057735          
                idIND          0.0618959  0.1011536   0.6119 0.5409448          
                idISR         -0.0165420  0.0286530  -0.5773 0.5640407          
                idITA          0.0173335  0.0285920   0.6062 0.5446956          
                idJPN          0.0309922  0.0507457   0.6107 0.5417141          
                idKOR         -0.0057412  0.0510105  -0.1125 0.9104435          
                idNLD         -0.0045698  0.0096708  -0.4725 0.6367997          
                idNOR         -0.0398488  0.0456975  -0.8720 0.3837142          
                idRUS          0.0145728  0.0461276   0.3159 0.7522226          
                idSGP         -0.0255798  0.0376056  -0.6802 0.4967566          
                idSWE         -0.0238910  0.0292021  -0.8181 0.4137624          
                idTWN          0.0102474  0.0073363   1.3968 0.1632309          
                idUSA          0.0652714  0.0677403   0.9636 0.3358408          
                time2001       0.2165935  0.4098904   0.5284 0.5974965          
                time2002       0.2146989  0.4100380   0.5236 0.6008360          
                time2003       0.2183161  0.4101869   0.5322 0.5948525          
                time2004       0.2199707  0.4103710   0.5360 0.5922307          
                time2005       0.2236438  0.4105303   0.5448 0.5862106          
                time2006       0.2220623  0.4107118   0.5407 0.5890255          
                time2007       0.2283111  0.4109023   0.5556 0.5787660          
                time2008       0.2304604  0.4112069   0.5604 0.5754810          
                time2009       0.2375047  0.4114509   0.5772 0.5640978          
                time2010       0.2202291  0.4116623   0.5350 0.5929584          
                time2011       0.2223889  0.4118393   0.5400 0.5894989          
                time2012       0.2148777  0.4120941   0.5214 0.6023512          
                time2013       0.2146420  0.4122715   0.5206 0.6029050          
                time2014       0.2103732  0.4124556   0.5101 0.6102918          
                time2015       0.2193192  0.4126045   0.5315 0.5953282          
                time2016       0.2180478  0.4127865   0.5282 0.5976242          
                time2017       0.2178427  0.4129658   0.5275 0.5981276          
                time2018       0.2225719  0.4131046   0.5388 0.5903335          
                time2019       0.2122182  0.4132557   0.5135 0.6078604          
                iis131         0.0651161  0.0173745   3.7478 0.0002041 ***      
                iis133        -0.2162538  0.0177562 -12.1790 < 2.2e-16 ***      
                iis141         0.0945513  0.0158014   5.9837 4.776e-09 ***      
                iis312         0.1544028  0.0159765   9.6643 < 2.2e-16 ***      
                iis313         0.2613262  0.0160228  16.3096 < 2.2e-16 ***      
                iis314         0.2908099  0.0166127  17.5053 < 2.2e-16 ***      
                iis316        -0.1066090  0.0171006  -6.2342 1.134e-09 ***      
                iis321        -0.0562991  0.0162544  -3.4636 0.0005894 ***      
                iis339         0.1655844  0.0162573  10.1852 < 2.2e-16 ***      
                iis340        -0.0689304  0.0162847  -4.2328 2.853e-05 ***      
                iis462         0.0552682  0.0181548   3.0443 0.0024835 **       
                iis464         0.1348128  0.0174546   7.7236 8.842e-14 ***      
                fesisCHN.2015  0.0865825  0.0110495   7.8359 4.083e-14 ***      
                fesisDEU.2012 -0.1285360  0.0119823 -10.7272 < 2.2e-16 ***      
                fesisDEU.2014  0.0808354  0.0125509   6.4406 3.352e-10 ***      
                fesisJPN.2012 -0.0481052  0.0087352  -5.5070 6.469e-08 ***      
                fesisKOR.2007  0.0854953  0.0094292   9.0671 < 2.2e-16 ***      
                fesisKOR.2012 -0.0930493  0.0094632  -9.8328 < 2.2e-16 ***      
                fesisUSA.2006  0.0928702  0.0127885   7.2620 1.948e-12 ***      
                fesisUSA.2011 -0.1452058  0.0100837 -14.4000 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   24.874  1 6.119e-07 ***      
                Ljung-Box ARCH(1) 53.261  1 2.921e-13 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.01471      
                R-squared           0.99265      
                Log-lik.(n=475)  1363.62665      
0.05

                Formula: max_count_solar~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:32:22 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error  t-stat   p-value          
                ar1            0.83267749  0.01111303 74.9281 < 2.2e-16 ***      
                lgdp           0.01128223  0.00761773  1.4811 0.1393904          
                lpop          -0.01303853  0.02392161 -0.5451 0.5860250          
                lbrown         0.00207213  0.00122980  1.6849 0.0927922 .        
                idAUT          0.00298372  0.02006482  0.1487 0.8818631          
                idBEL          0.00367551  0.01510605  0.2433 0.8078888          
                idBRA          0.01348336  0.04952081  0.2723 0.7855516          
                idCAN         -0.00071199  0.01138401 -0.0625 0.9501620          
                idCHE         -0.00302754  0.02210584 -0.1370 0.8911351          
                idCHN          0.03130283  0.08864410  0.3531 0.7241799          
                idDEU          0.03531503  0.03186671  1.1082 0.2684451          
                idDNK         -0.02469582  0.03397047 -0.7270 0.4676694          
                idESP          0.01306090  0.01968472  0.6635 0.5073943          
                idFIN         -0.00136665  0.02932202 -0.0466 0.9628490          
                idFRA          0.01371685  0.02578417  0.5320 0.5950337          
                idGBR          0.00975041  0.02555813  0.3815 0.7030378          
                idIND          0.00461372  0.08472576  0.0545 0.9566004          
                idISR         -0.00594825  0.02404349 -0.2474 0.8047307          
                idITA          0.01142332  0.02403075  0.4754 0.6347913          
                idJPN         -0.01132443  0.04224215 -0.2681 0.7887748          
                idKOR         -0.05738491  0.04337944 -1.3229 0.1866473          
                idNLD          0.00388340  0.00818879  0.4742 0.6355949          
                idNOR         -0.03431695  0.03845520 -0.8924 0.3727284          
                idRUS         -0.02711034  0.03863717 -0.7017 0.4833015          
                idSGP         -0.00526763  0.03150791 -0.1672 0.8673105          
                idSWE         -0.02521673  0.02463108 -1.0238 0.3065671          
                idTWN          0.01782683  0.00623844  2.8576 0.0044947 **       
                idUSA          0.02857603  0.05744427  0.4975 0.6191440          
                time2001      -0.09834062  0.34322973 -0.2865 0.7746336          
                time2002      -0.10023992  0.34335180 -0.2919 0.7704818          
                time2003      -0.09685925  0.34347731 -0.2820 0.7780942          
                time2004      -0.09528725  0.34363407 -0.2773 0.7817004          
                time2005      -0.09362454  0.34378033 -0.2723 0.7855042          
                time2006      -0.09335671  0.34393968 -0.2714 0.7861995          
                time2007      -0.09012592  0.34414491 -0.2619 0.7935477          
                time2008      -0.08719982  0.34434803 -0.2532 0.8002209          
                time2009      -0.08086586  0.34457230 -0.2347 0.8145750          
                time2010      -0.09239537  0.34474440 -0.2680 0.7888306          
                time2011      -0.09124877  0.34491964 -0.2646 0.7914935          
                time2012      -0.09896684  0.34509170 -0.2868 0.7744279          
                time2013      -0.09978896  0.34520808 -0.2891 0.7726802          
                time2014      -0.10537656  0.34535549 -0.3051 0.7604317          
                time2015      -0.10045649  0.34547208 -0.2908 0.7713719          
                time2016      -0.09853598  0.34562671 -0.2851 0.7757218          
                time2017      -0.10013728  0.34582191 -0.2896 0.7723024          
                time2018      -0.09699141  0.34596781 -0.2803 0.7793572          
                time2019      -0.10519208  0.34603075 -0.3040 0.7612908          
                iis129         0.06593818  0.01381836  4.7718 2.575e-06 ***      
                iis130         0.11029149  0.01397020  7.8948 2.901e-14 ***      
                iis131         0.17094284  0.01423183 12.0113 < 2.2e-16 ***      
                iis132         0.13323556  0.01471305  9.0556 < 2.2e-16 ***      
                iis133        -0.09183229  0.01511866 -6.0741 2.933e-09 ***      
                iis141         0.06351970  0.01438544  4.4156 1.302e-05 ***      
                iis145        -0.05515768  0.01416302 -3.8945 0.0001155 ***      
                iis146        -0.07164864  0.01391742 -5.1481 4.158e-07 ***      
                iis312         0.16936912  0.01338253 12.6560 < 2.2e-16 ***      
                iis313         0.29204257  0.01338813 21.8136 < 2.2e-16 ***      
                iis314         0.33874937  0.01385477 24.4500 < 2.2e-16 ***      
                iis315         0.08479121  0.01478219  5.7360 1.930e-08 ***      
                iis316        -0.08614758  0.01464305 -5.8832 8.590e-09 ***      
                iis321        -0.07302966  0.01345988 -5.4257 1.009e-07 ***      
                iis322        -0.04936329  0.01344858 -3.6705 0.0002753 ***      
                iis331         0.03605469  0.01489189  2.4211 0.0159236 *        
                iis332         0.04010773  0.01480104  2.7098 0.0070258 **       
                iis339         0.17982636  0.01484890 12.1104 < 2.2e-16 ***      
                iis461         0.05454069  0.01387561  3.9307 0.0001000 ***      
                iis462         0.16657902  0.01374306 12.1210 < 2.2e-16 ***      
                iis463         0.13903430  0.01358426 10.2350 < 2.2e-16 ***      
                iis464         0.27269271  0.01364826 19.9800 < 2.2e-16 ***      
                iis465         0.18282417  0.01401189 13.0478 < 2.2e-16 ***      
                iis466         0.12807000  0.01428599  8.9647 < 2.2e-16 ***      
                iis471         0.12855912  0.01569799  8.1895 3.670e-15 ***      
                fesisDEU.2007  0.06286417  0.00870897  7.2183 2.719e-12 ***      
                fesisDEU.2012 -0.08600985  0.00868427 -9.9041 < 2.2e-16 ***      
                fesisKOR.2007  0.08932840  0.00940387  9.4991 < 2.2e-16 ***      
                fesisKOR.2012 -0.06300412  0.00991106 -6.3569 5.686e-10 ***      
                fesisKOR.2016 -0.02113393  0.00981769 -2.1526 0.0319522 *        
                fesisUSA.2015 -0.04693759  0.01017694 -4.6122 5.392e-06 ***      
                fesisUSA.2018  0.09188661  0.01578327  5.8218 1.207e-08 ***      
                fesisUSA.2019 -0.10022441  0.01812315 -5.5302 5.828e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   12.957  1 0.0003188 ***      
                Ljung-Box ARCH(1) 45.973  1 1.199e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.01254      
                R-squared           0.99483      
                Log-lik.(n=475)  1446.12739      

Wind

Count Wind

0.01

                Formula: count_wind~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:26:10 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            7.2181e-01  2.1832e-02  33.0628 < 2.2e-16 ***      
                gdp            1.9318e-15  7.7386e-15   0.2496 0.8029938          
                pop            3.2109e-08  2.2199e-08   1.4464 0.1488336          
                brown_patents  7.0142e-03  4.4321e-03   1.5826 0.1142984          
                idAUT          6.8642e-01  2.9094e+00   0.2359 0.8136082          
                idBEL         -1.9304e-01  2.9041e+00  -0.0665 0.9470343          
                idBRA         -7.2112e+00  4.8267e+00  -1.4940 0.1359530          
                idCAN          1.7478e+00  2.9384e+00   0.5948 0.5522932          
                idCHE         -6.4477e-02  2.9106e+00  -0.0222 0.9823372          
                idCHN         -3.0512e+01  2.9031e+01  -1.0510 0.2938892          
                idDEU          2.5091e+01  5.2206e+00   4.8061 2.175e-06 ***      
                idDNK          1.4050e+01  4.2719e+00   3.2889 0.0010943 **       
                idESP          9.6665e+00  3.0250e+00   3.1956 0.0015054 **       
                idFIN         -7.4142e-01  2.9202e+00  -0.2539 0.7997048          
                idFRA          2.0943e+00  3.1068e+00   0.6741 0.5006399          
                idGBR          1.2256e+01  3.1903e+00   3.8418 0.0001418 ***      
                idIND         -3.6645e+01  2.7096e+01  -1.3524 0.1770074          
                idISR         -3.2138e-01  2.9111e+00  -0.1104 0.9121483          
                idITA          1.5530e+00  3.0109e+00   0.5158 0.6062869          
                idJPN          1.4519e+01  5.4954e+00   2.6420 0.0085629 **       
                idKOR          6.0562e+00  1.1215e+01   0.5400 0.5894750          
                idNLD          4.2491e+00  2.9115e+00   1.4594 0.1452294          
                idNOR          1.0747e+00  2.9306e+00   0.3667 0.7140228          
                idRUS         -5.0178e+00  3.9775e+00  -1.2616 0.2078392          
                idSGP          9.9021e-01  2.9193e+00   0.3392 0.7346402          
                idSWE          3.6186e-01  2.9080e+00   0.1244 0.9010331          
                idTWN          1.4537e+00  2.8949e+00   0.5022 0.6158337          
                idUSA          9.8476e+00  8.2836e+00   1.1888 0.2352140          
                time2001      -1.1537e+00  2.7216e+00  -0.4239 0.6718567          
                time2002      -2.4211e+00  2.7182e+00  -0.8907 0.3736362          
                time2003      -1.3534e+00  2.7196e+00  -0.4976 0.6190096          
                time2004      -1.7303e+00  2.7203e+00  -0.6361 0.5250774          
                time2005      -7.1484e-01  2.7222e+00  -0.2626 0.7929990          
                time2006       3.5809e+00  2.7275e+00   1.3129 0.1899712          
                time2007       3.4414e+00  2.7576e+00   1.2479 0.2127803          
                time2008       8.3622e+00  2.7791e+00   3.0090 0.0027854 **       
                time2009       1.0350e+01  2.7732e+00   3.7320 0.0002173 ***      
                time2010       5.8235e+00  2.8643e+00   2.0332 0.0426907 *        
                time2011       8.7354e+00  2.8570e+00   3.0576 0.0023800 **       
                time2012      -7.0110e-04  2.8696e+00  -0.0002 0.9998052          
                time2013      -1.4659e+00  2.8488e+00  -0.5146 0.6071493          
                time2014       7.8773e-01  2.8108e+00   0.2803 0.7794282          
                time2015       5.1025e-01  2.8068e+00   0.1818 0.8558376          
                time2016       7.0928e-01  2.8013e+00   0.2532 0.8002487          
                time2017       2.2872e+00  2.8080e+00   0.8145 0.4158242          
                time2018      -3.5520e+00  2.8215e+00  -1.2589 0.2087927          
                time2019      -1.4659e+00  2.8240e+00  -0.5191 0.6039915          
                iis141         2.7796e+01  1.0052e+01   2.7652 0.0059509 **       
                iis143         1.0103e+02  9.9927e+00  10.1104 < 2.2e-16 ***      
                iis146        -6.7679e+01  1.1387e+01  -5.9433 6.050e-09 ***      
                iis152        -7.3066e+01  1.0565e+01  -6.9162 1.829e-11 ***      
                iis160         2.9462e+01  1.0575e+01   2.7860 0.0055875 **       
                iis162         5.0837e+01  1.0548e+01   4.8195 2.042e-06 ***      
                iis164        -3.3815e+01  1.0338e+01  -3.2708 0.0011647 **       
                iis165        -3.7398e+01  1.0199e+01  -3.6667 0.0002786 ***      
                iis168         5.2697e+01  1.0201e+01   5.1657 3.775e-07 ***      
                iis170         6.0025e+01  1.0187e+01   5.8926 8.036e-09 ***      
                iis314         6.3972e+01  9.3744e+00   6.8241 3.260e-11 ***      
                iis463         3.1025e+01  1.1395e+01   2.7227 0.0067560 **       
                iis465         7.0964e+01  1.0814e+01   6.5620 1.635e-10 ***      
                iis467        -8.8987e+01  1.0720e+01  -8.3009 1.578e-15 ***      
                iis468        -8.4838e+01  1.0625e+01  -7.9846 1.488e-14 ***      
                iis470        -3.7597e+01  1.2004e+01  -3.1321 0.0018622 **       
                iis473         7.6013e+01  1.0216e+01   7.4403 6.121e-13 ***      
                fesisCHN.2016  2.4279e+01  5.6763e+00   4.2772 2.366e-05 ***      
                fesisDEU.2006  3.8874e+01  6.2703e+00   6.1997 1.401e-09 ***      
                fesisDEU.2013 -2.1205e+01  7.6479e+00  -2.7727 0.0058176 **       
                fesisDEU.2016  4.1413e+01  8.3373e+00   4.9672 1.005e-06 ***      
                fesisDNK.2007  6.1267e+01  7.2333e+00   8.4701 4.635e-16 ***      
                fesisDNK.2012 -3.3310e+01  6.9728e+00  -4.7771 2.494e-06 ***      
                fesisUSA.2007  7.6672e+01  8.3962e+00   9.1318 < 2.2e-16 ***      
                fesisUSA.2014 -8.4459e+01  7.2156e+00 -11.7051 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                     Chi-sq df   p-value          
                Ljung-Box AR(1)    0.060075  1    0.8064          
                Ljung-Box ARCH(1) 42.986767  1 5.511e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression     8.91854      
                R-squared            0.98465      
                Log-lik.(n=475)  -1677.35866      
0.05

                Formula: count_wind~ gdp + pop + brown_patents      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:27:12 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error  t-stat   p-value          
                ar1            6.5721e-01  1.9963e-02 32.9209 < 2.2e-16 ***      
                gdp            1.1168e-15  6.8791e-15  0.1624 0.8711132          
                pop            1.5902e-08  1.9922e-08  0.7982 0.4252161          
                brown_patents  4.8246e-02  4.9372e-03  9.7720 < 2.2e-16 ***      
                idAUT          4.2522e-01  2.5945e+00  0.1639 0.8698997          
                idBEL         -3.2774e-01  2.5897e+00 -0.1266 0.8993545          
                idBRA         -5.0162e+00  4.3234e+00 -1.1603 0.2466505          
                idCAN         -1.2303e+00  2.6198e+00 -0.4696 0.6388905          
                idCHE         -3.2142e-01  2.5954e+00 -0.1238 0.9015067          
                idCHN         -1.3408e+01  2.6041e+01 -0.5149 0.6069292          
                idDEU          3.0888e+01  4.9349e+00  6.2592 1.014e-09 ***      
                idDNK          1.4592e+01  3.8089e+00  3.8310 0.0001485 ***      
                idESP          8.7765e+00  3.2031e+00  2.7400 0.0064245 **       
                idFIN         -2.0835e+00  2.6059e+00 -0.7995 0.4244753          
                idFRA         -2.3564e+00  2.7718e+00 -0.8501 0.3957602          
                idGBR          1.1214e+01  2.7963e+00  4.0102 7.262e-05 ***      
                idIND         -1.8020e+01  2.4315e+01 -0.7411 0.4590721          
                idISR         -3.5956e-01  2.5957e+00 -0.1385 0.8899002          
                idITA          1.6134e+00  2.6826e+00  0.6014 0.5479153          
                idJPN          1.2272e+01  5.2253e+00  2.3487 0.0193358 *        
                idKOR          6.6428e+00  9.9968e+00  0.6645 0.5067671          
                idNLD          4.2008e+00  2.5938e+00  1.6195 0.1061401          
                idNOR         -1.2302e+00  2.6171e+00 -0.4700 0.6385878          
                idRUS         -5.4278e+00  3.5642e+00 -1.5229 0.1285991          
                idSGP          7.8076e-01  2.6035e+00  0.2999 0.7644181          
                idSWE          4.8802e-02  2.5932e+00  0.0188 0.9849947          
                idTWN          1.9045e+00  2.5817e+00  0.7377 0.4611345          
                idUSA         -2.3041e+01  7.8178e+00 -2.9473 0.0033968 **       
                time2001      -8.9837e-01  2.4293e+00 -0.3698 0.7117251          
                time2002      -2.0965e+00  2.4263e+00 -0.8640 0.3880912          
                time2003      -9.2291e-01  2.4275e+00 -0.3802 0.7040120          
                time2004      -1.1605e+00  2.4281e+00 -0.4779 0.6329620          
                time2005       7.9488e-01  2.4464e+00  0.3249 0.7454190          
                time2006       4.1888e+00  2.4332e+00  1.7215 0.0859445 .        
                time2007       3.7427e+00  2.4595e+00  1.5217 0.1288805          
                time2008       8.4666e+00  2.4958e+00  3.3923 0.0007634 ***      
                time2009       1.1758e+01  2.4857e+00  4.7301 3.134e-06 ***      
                time2010       6.9621e+00  2.5548e+00  2.7251 0.0067157 **       
                time2011       6.8211e+00  2.5502e+00  2.6747 0.0077914 **       
                time2012      -1.5782e+00  2.5501e+00 -0.6189 0.5363544          
                time2013      -8.6603e-01  2.5444e+00 -0.3404 0.7337572          
                time2014      -3.2039e-01  2.5051e+00 -0.1279 0.8982979          
                time2015      -8.4619e-01  2.5096e+00 -0.3372 0.7361584          
                time2016      -1.0902e-01  2.5430e+00 -0.0429 0.9658281          
                time2017       4.6178e+00  2.5175e+00  1.8343 0.0673713 .        
                time2018      -1.7367e+00  2.5582e+00 -0.6789 0.4976110          
                time2019       1.1347e+00  2.5462e+00  0.4456 0.6561128          
                iis138        -2.2871e+01  9.0781e+00 -2.5193 0.0121535 *        
                iis141         3.2267e+01  9.3928e+00  3.4353 0.0006549 ***      
                iis143         8.4770e+01  1.0190e+01  8.3186 1.479e-15 ***      
                iis146        -6.8817e+01  9.5310e+00 -7.2203 2.705e-12 ***      
                iis149         5.2476e+01  9.4128e+00  5.5750 4.609e-08 ***      
                iis151         5.1467e+01  9.4061e+00  5.4716 7.957e-08 ***      
                iis152        -3.1877e+01  9.4620e+00 -3.3689 0.0008292 ***      
                iis160         2.5902e+01  9.4362e+00  2.7450 0.0063289 **       
                iis162         5.1815e+01  9.4197e+00  5.5007 6.828e-08 ***      
                iis164        -3.0581e+01  9.6173e+00 -3.1798 0.0015906 **       
                iis165        -4.1910e+01  9.4167e+00 -4.4507 1.117e-05 ***      
                iis168         4.6632e+01  9.3952e+00  4.9634 1.034e-06 ***      
                iis170         7.6959e+01  1.1529e+01  6.6755 8.418e-11 ***      
                iis314         4.8737e+01  8.9605e+00  5.4391 9.433e-08 ***      
                iis322        -2.5170e+01  9.3922e+00 -2.6799 0.0076747 **       
                iis463         1.1225e+02  8.5680e+00 13.1010 < 2.2e-16 ***      
                iis464         9.7969e+01  8.8062e+00 11.1250 < 2.2e-16 ***      
                iis465         1.5953e+02  9.0111e+00 17.7037 < 2.2e-16 ***      
                iis466         9.4705e+01  9.8022e+00  9.6616 < 2.2e-16 ***      
                iis468        -2.8350e+01  9.2942e+00 -3.0503 0.0024407 **       
                iis470        -1.0874e+02  1.1534e+01 -9.4275 < 2.2e-16 ***      
                iis471        -5.9916e+01  1.0510e+01 -5.7008 2.345e-08 ***      
                iis472        -2.1938e+01  9.1035e+00 -2.4099 0.0164171 *        
                iis473         5.8050e+01  8.5749e+00  6.7697 4.712e-11 ***      
                fesisCHN.2016  1.0809e+01  5.0338e+00  2.1472 0.0323871 *        
                fesisDEU.2006  2.9588e+01  6.2433e+00  4.7391 3.005e-06 ***      
                fesisDEU.2010  2.6339e+01  8.2578e+00  3.1896 0.0015391 **       
                fesisDEU.2013 -3.2397e+01  7.7327e+00 -4.1896 3.453e-05 ***      
                fesisDNK.2007  7.2541e+01  6.4636e+00 11.2231 < 2.2e-16 ***      
                fesisDNK.2012 -2.8153e+01  6.6444e+00 -4.2371 2.824e-05 ***      
                fesisDNK.2018 -2.2205e+01  9.4991e+00 -2.3376 0.0199087 *        
                fesisESP.2011  3.8589e+01  6.3156e+00  6.1101 2.398e-09 ***      
                fesisESP.2013 -4.1026e+01  6.5289e+00 -6.2837 8.785e-10 ***      
                fesisJPN.2010  1.7532e+01  4.7470e+00  3.6934 0.0002526 ***      
                fesisJPN.2016 -2.2413e+01  5.9621e+00 -3.7592 0.0001963 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.18176  1    0.6699          
                Ljung-Box ARCH(1) 29.64016  1 5.202e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression     7.95255      
                R-squared            0.98810      
                Log-lik.(n=475)  -1617.90508      

Log Count Wind

0.01

                Formula: log_count_wind~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:28:20 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.369987  0.037554  9.8521 < 2.2e-16 ***      
                lgdp           0.732158  0.212186  3.4506 0.0006172 ***      
                lpop          -3.355201  0.751765 -4.4631 1.044e-05 ***      
                lbrown         0.040478  0.038235  1.0587 0.2903729          
                idAUT         -0.250793  0.803499 -0.3121 0.7551028          
                idBEL         -0.655765  0.595901 -1.1005 0.2717743          
                idBRA          6.860110  1.678067  4.0881 5.230e-05 ***      
                idCAN          2.541339  0.540634  4.7007 3.542e-06 ***      
                idCHE         -2.103341  0.778303 -2.7025 0.0071671 **       
                idCHN         13.087040  3.006873  4.3524 1.701e-05 ***      
                idDEU          6.639730  1.108696  5.9888 4.609e-09 ***      
                idDNK         -2.801659  1.065172 -2.6302 0.0088521 **       
                idESP          4.434317  0.744752  5.9541 5.605e-09 ***      
                idFIN         -2.935614  1.022326 -2.8715 0.0042961 **       
                idFRA          4.715647  0.942378  5.0040 8.334e-07 ***      
                idGBR          5.262954  0.936134  5.6220 3.485e-08 ***      
                idIND         11.059415  2.893902  3.8216 0.0001530 ***      
                idISR         -2.576347  0.816237 -3.1564 0.0017148 **       
                idITA          4.411192  0.881927  5.0018 8.425e-07 ***      
                idJPN          3.796825  1.529381  2.4826 0.0134404 *        
                idKOR         -0.650266  1.394050 -0.4665 0.6411340          
                idNLD          1.013932  0.427003  2.3745 0.0180286 *        
                idNOR         -4.665795  1.185840 -3.9346 9.779e-05 ***      
                idRUS          3.963610  1.457167  2.7201 0.0068028 **       
                idSGP         -4.025851  1.162748 -3.4624 0.0005915 ***      
                idSWE         -2.736653  0.775687 -3.5280 0.0004658 ***      
                idTWN          1.541836  0.407403  3.7845 0.0001768 ***      
                idUSA          9.577598  1.988419  4.8167 2.054e-06 ***      
                time2001      35.876849 11.927440  3.0079 0.0027917 **       
                time2002      36.023526 11.931911  3.0191 0.0026930 **       
                time2003      35.976460 11.941222  3.0128 0.0027482 **       
                time2004      36.121536 11.944018  3.0242 0.0026486 **       
                time2005      36.321715 11.948535  3.0398 0.0025180 **       
                time2006      36.578727 11.956087  3.0594 0.0023625 **       
                time2007      36.686083 11.959862  3.0674 0.0023015 **       
                time2008      36.888086 11.965208  3.0829 0.0021874 **       
                time2009      37.071211 11.971388  3.0967 0.0020910 **       
                time2010      36.989723 11.977997  3.0881 0.0021504 **       
                time2011      37.010482 11.983187  3.0885 0.0021476 **       
                time2012      36.883893 11.986621  3.0771 0.0022299 **       
                time2013      36.674602 11.991242  3.0584 0.0023700 **       
                time2014      36.716040 11.996065  3.0607 0.0023529 **       
                time2015      36.512883 12.000674  3.0426 0.0024958 **       
                time2016      36.713097 12.005991  3.0579 0.0023743 **       
                time2017      36.823328 12.011280  3.0657 0.0023144 **       
                time2018      36.573750 12.016662  3.0436 0.0024876 **       
                time2019      36.594055 12.020577  3.0443 0.0024819 **       
                iis21         -1.593790  0.384231 -4.1480 4.075e-05 ***      
                iis44         -1.764681  0.379335 -4.6520 4.436e-06 ***      
                iis56          1.186416  0.380515  3.1179 0.0019491 **       
                iis72          1.321187  0.379547  3.4810 0.0005530 ***      
                iis116        -1.713200  0.399422 -4.2892 2.236e-05 ***      
                iis194         1.417397  0.384796  3.6835 0.0002607 ***      
                iis269        -1.307633  0.385906 -3.3885 0.0007705 ***      
                iis382         1.079421  0.386497  2.7928 0.0054684 **       
                iis419         1.396872  0.383284  3.6445 0.0003022 ***      
                fesisAUS.2002  1.532508  0.426637  3.5921 0.0003677 ***      
                fesisAUS.2005 -0.829174  0.244545 -3.3907 0.0007645 ***      
                fesisAUT.2002 -1.016665  0.381650 -2.6639 0.0080278 **       
                fesisDNK.2006  0.686709  0.200132  3.4313 0.0006614 ***      
                fesisIND.2008  0.824626  0.199730  4.1287 4.418e-05 ***      
                fesisSGP.2007  1.658772  0.248571  6.6732 8.094e-11 ***      
                fesisSGP.2012 -1.212684  0.223858 -5.4172 1.032e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value      
                Ljung-Box AR(1)   2.1579  1  0.1418      
                Ljung-Box ARCH(1) 1.1466  1  0.2843      
                                                 
                SE of regression    0.36100      
                R-squared           0.94081      
                Log-lik.(n=475)  -158.53377      
0.05

                Formula: log_count_wind~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:28:18 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.2607189  0.0368097  7.0829 6.584e-12 ***      
                lgdp           1.1126573  0.2216998  5.0188 7.905e-07 ***      
                lpop          -5.1908300  0.7333698 -7.0781 6.791e-12 ***      
                lbrown         0.0028355  0.0353137  0.0803 0.9360444          
                idAUT         -2.3190765  0.6938211 -3.3425 0.0009102 ***      
                idBEL         -1.3050833  0.5533508 -2.3585 0.0188386 *        
                idBRA         10.7241892  1.6051479  6.6811 8.155e-11 ***      
                idCAN          3.5269646  0.4970533  7.0957 6.063e-12 ***      
                idCHE         -3.4746009  0.7349231 -4.7278 3.170e-06 ***      
                idCHN         19.6362249  2.9090551  6.7500 5.337e-11 ***      
                idDEU          9.3482339  1.0577400  8.8379 < 2.2e-16 ***      
                idDNK         -5.1237858  1.0305675 -4.9718 9.936e-07 ***      
                idESP          5.2979238  0.7123875  7.4369 6.559e-13 ***      
                idFIN         -4.6590603  0.9604366 -4.8510 1.776e-06 ***      
                idFRA          6.8687112  0.8936371  7.6862 1.231e-13 ***      
                idGBR          7.4910832  0.8919037  8.3990 8.351e-16 ***      
                idIND         16.9629711  2.7604189  6.1451 1.967e-09 ***      
                idISR         -4.3910023  0.7766696 -5.6536 3.030e-08 ***      
                idITA          5.5744743  0.8969909  6.2146 1.316e-09 ***      
                idJPN          5.8960167  1.5084210  3.9087 0.0001093 ***      
                idKOR         -1.4038928  1.4038766 -1.0000 0.3179218          
                idNLD          1.0338695  0.3872949  2.6695 0.0079130 **       
                idNOR         -7.5670909  1.1683480 -6.4767 2.811e-10 ***      
                idRUS          6.8936158  1.4161509  4.8679 1.638e-06 ***      
                idSGP         -6.3556806  1.1027677 -5.7634 1.671e-08 ***      
                idSWE         -4.2946226  0.7686126 -5.5875 4.318e-08 ***      
                idTWN          1.9010330  0.3686090  5.1573 3.985e-07 ***      
                idUSA         14.0892669  1.8910286  7.4506 5.988e-13 ***      
                time2001      56.2706848 11.3176963  4.9719 9.931e-07 ***      
                time2002      56.4276747 11.3243538  4.9829 9.417e-07 ***      
                time2003      56.3777455 11.3314119  4.9754 9.767e-07 ***      
                time2004      56.5416585 11.3383868  4.9867 9.241e-07 ***      
                time2005      56.7713396 11.3423463  5.0053 8.444e-07 ***      
                time2006      57.0706413 11.3527323  5.0270 7.591e-07 ***      
                time2007      57.3079435 11.3524105  5.0481 6.847e-07 ***      
                time2008      57.4878680 11.3611548  5.0600 6.456e-07 ***      
                time2009      57.6893880 11.3667304  5.0753 5.989e-07 ***      
                time2010      57.6680869 11.3728707  5.0707 6.126e-07 ***      
                time2011      57.7095772 11.3770139  5.0725 6.072e-07 ***      
                time2012      57.5898049 11.3819866  5.0597 6.466e-07 ***      
                time2013      57.3757950 11.3854367  5.0394 7.145e-07 ***      
                time2014      57.3611631 11.3891295  5.0365 7.248e-07 ***      
                time2015      57.1680490 11.3936927  5.0175 7.953e-07 ***      
                time2016      57.3426432 11.3976873  5.0311 7.443e-07 ***      
                time2017      57.4889312 11.4018420  5.0421 7.052e-07 ***      
                time2018      57.2606669 11.4092365  5.0188 7.904e-07 ***      
                time2019      57.2013608 11.4118667  5.0124 8.153e-07 ***      
                iis17         -0.7937083  0.3398502 -2.3355 0.0200228 *        
                iis20          1.0692975  0.3404884  3.1405 0.0018146 **       
                iis21         -1.4870009  0.3422767 -4.3444 1.781e-05 ***      
                iis26         -1.0193472  0.3372503 -3.0225 0.0026714 **       
                iis44         -1.8335357  0.3374138 -5.4341 9.695e-08 ***      
                iis56          1.0792066  0.3382061  3.1910 0.0015322 **       
                iis57         -0.7725232  0.3400577 -2.2717 0.0236434 *        
                iis72          1.0818676  0.3588441  3.0149 0.0027382 **       
                iis101        -1.1888297  0.3374179 -3.5233 0.0004764 ***      
                iis103        -0.9128168  0.3371223 -2.7077 0.0070722 **       
                iis194         1.2764665  0.3612760  3.5332 0.0004595 ***      
                iis269        -1.2211086  0.3437249 -3.5526 0.0004279 ***      
                iis272         0.7330394  0.3407861  2.1510 0.0320849 *        
                iis341        -0.9509976  0.3371052 -2.8211 0.0050298 **       
                iis407         1.4076826  0.3506162  4.0149 7.128e-05 ***      
                iis408         1.5781756  0.3548904  4.4469 1.136e-05 ***      
                iis409         1.2633647  0.3525547  3.5835 0.0003818 ***      
                iis410         0.9694141  0.3565455  2.7189 0.0068408 **       
                iis419         1.2518384  0.3509464  3.5670 0.0004057 ***      
                fesisAUS.2002  1.6187779  0.3788868  4.2725 2.429e-05 ***      
                fesisAUS.2005 -0.8075937  0.2187214 -3.6923 0.0002537 ***      
                fesisBRA.2008 -0.5974246  0.1876358 -3.1840 0.0015688 **       
                fesisBRA.2014  0.6612998  0.2019914  3.2739 0.0011550 **       
                fesisCHN.2002 -1.2704622  0.4019417 -3.1608 0.0016956 **       
                fesisCHN.2004  1.3587003  0.2834168  4.7940 2.325e-06 ***      
                fesisDNK.2006  0.7776065  0.1789831  4.3446 1.780e-05 ***      
                fesisESP.2003  0.9645491  0.2501676  3.8556 0.0001349 ***      
                fesisFIN.2007 -0.9089755  0.3585263 -2.5353 0.0116226 *        
                fesisFIN.2008  0.9190849  0.3424894  2.6835 0.0075933 **       
                fesisIND.2008  0.9810090  0.1824157  5.3779 1.298e-07 ***      
                fesisITA.2002  0.8526199  0.3399427  2.5081 0.0125404 *        
                fesisJPN.2004 -0.7696276  0.2126981 -3.6184 0.0003352 ***      
                fesisNOR.2019  1.1442565  0.3372334  3.3931 0.0007616 ***      
                fesisRUS.2004 -0.9437714  0.2256548 -4.1824 3.562e-05 ***      
                fesisSGP.2007  0.7912361  0.2158636  3.6654 0.0002809 ***      
                fesisSWE.2010 -0.4139868  0.1578940 -2.6219 0.0090839 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value      
                Ljung-Box AR(1)   0.87255  1  0.3503      
                Ljung-Box ARCH(1) 1.19818  1  0.2737      
                                               
                SE of regression   0.3198      
                R-squared          0.9558      
                Log-lik.(n=475)  -90.9709      

Ihs Count Wind

0.01

                Formula: ihs_count_wind~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:30:26 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.354022  0.038964  9.0858 < 2.2e-16 ***      
                lgdp           0.757285  0.250821  3.0192 0.0026922 **       
                lpop          -3.073346  0.775534 -3.9629 8.731e-05 ***      
                lbrown         0.111391  0.044580  2.4987 0.0128546 *        
                idAUT          0.487313  0.865705  0.5629 0.5738037          
                idBEL         -0.095897  0.640698 -0.1497 0.8810932          
                idBRA          6.304612  1.719918  3.6656 0.0002791 ***      
                idCAN          2.593796  0.591223  4.3872 1.461e-05 ***      
                idCHE         -1.541939  0.813045 -1.8965 0.0585951 .        
                idCHN         11.998504  3.009755  3.9865 7.934e-05 ***      
                idDEU          6.469065  1.136827  5.6905 2.411e-08 ***      
                idDNK         -1.523765  1.118260 -1.3626 0.1737482          
                idESP          4.566718  0.809750  5.6397 3.174e-08 ***      
                idFIN         -2.387839  1.049277 -2.2757 0.0233780 *        
                idFRA          4.558133  0.978566  4.6580 4.319e-06 ***      
                idGBR          5.171322  0.978122  5.2870 2.024e-07 ***      
                idIND          9.661516  2.901547  3.3298 0.0009476 ***      
                idISR         -1.973914  0.856015 -2.3059 0.0216113 *        
                idITA          4.359068  0.929459  4.6899 3.726e-06 ***      
                idJPN          3.350964  1.567467  2.1378 0.0331206 *        
                idKOR         -0.834160  1.575896 -0.5293 0.5968664          
                idNLD          1.380857  0.498564  2.7697 0.0058656 **       
                idNOR         -4.094996  1.269397 -3.2259 0.0013560 **       
                idRUS          3.436938  1.463271  2.3488 0.0193066 *        
                idSGP         -3.231893  1.105345 -2.9239 0.0036483 **       
                idSWE         -2.279549  0.860216 -2.6500 0.0083605 **       
                idTWN          1.851494  0.482094  3.8405 0.0001421 ***      
                idUSA          8.842628  1.978427  4.4695 1.015e-05 ***      
                time2001      30.271288 11.833702  2.5581 0.0108836 *        
                time2002      30.445281 11.835779  2.5723 0.0104525 *        
                time2003      30.375107 11.846578  2.5640 0.0107007 *        
                time2004      30.572405 11.849520  2.5801 0.0102247 *        
                time2005      30.750284 11.850270  2.5949 0.0098003 **       
                time2006      31.061157 11.856289  2.6198 0.0091238 **       
                time2007      31.186647 11.863467  2.6288 0.0088900 **       
                time2008      31.406247 11.868887  2.6461 0.0084552 **       
                time2009      31.601679 11.873600  2.6615 0.0080841 **       
                time2010      31.516047 11.878884  2.6531 0.0082844 **       
                time2011      31.540647 11.882225  2.6544 0.0082525 **       
                time2012      31.400871 11.888623  2.6413 0.0085750 **       
                time2013      31.147170 11.891850  2.6192 0.0091396 **       
                time2014      31.199077 11.897748  2.6223 0.0090592 **       
                time2015      30.941253 11.902095  2.5996 0.0096680 **       
                time2016      31.187477 11.907464  2.6192 0.0091409 **       
                time2017      31.302447 11.913603  2.6275 0.0089245 **       
                time2018      31.089257 11.919887  2.6082 0.0094341 **       
                time2019      31.056859 11.925790  2.6042 0.0095433 **       
                iis21         -2.028943  0.457280 -4.4370 1.173e-05 ***      
                iis44         -2.306538  0.450310 -5.1221 4.655e-07 ***      
                iis72          1.541949  0.451035  3.4187 0.0006921 ***      
                iis116        -2.038790  0.473158 -4.3089 2.055e-05 ***      
                iis194         1.827665  0.457205  3.9975 7.589e-05 ***      
                iis269        -1.648687  0.457342 -3.6049 0.0003506 ***      
                iis382         1.283047  0.458969  2.7955 0.0054250 **       
                iis406         1.461673  0.455160  3.2113 0.0014251 **       
                iis407         1.866197  0.458523  4.0700 5.639e-05 ***      
                iis408         2.042803  0.465417  4.3892 1.448e-05 ***      
                iis409         1.647929  0.464223  3.5499 0.0004300 ***      
                iis410         1.475738  0.469964  3.1401 0.0018108 **       
                iis419         1.687943  0.455885  3.7026 0.0002425 ***      
                fesisAUS.2002  1.960629  0.507363  3.8643 0.0001294 ***      
                fesisAUS.2005 -0.984040  0.289673 -3.3971 0.0007475 ***      
                fesisAUT.2002 -1.178255  0.453649 -2.5973 0.0097337 **       
                fesisIND.2005  1.118531  0.264123  4.2349 2.824e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   2.0611  1 0.15110        
                Ljung-Box ARCH(1) 6.5900  1 0.01026 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.42930      
                R-squared           0.93101      
                Log-lik.(n=475)  -240.33507      
0.05

                Formula: ihs_count_wind~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:30:27 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.276780  0.037023  7.4758 5.131e-13 ***      
                lgdp           0.888979  0.243107  3.6567 0.0002906 ***      
                lpop          -1.898599  0.738583 -2.5706 0.0105235 *        
                lbrown         0.042930  0.042191  1.0175 0.3095404          
                idAUT          0.551140  0.720667  0.7648 0.4448759          
                idBEL          1.167949  0.604386  1.9325 0.0540291 .        
                idBRA          3.663657  1.625156  2.2543 0.0247304 *        
                idCAN          2.138793  0.527548  4.0542 6.078e-05 ***      
                idCHE         -0.302266  0.756133 -0.3998 0.6895585          
                idCHN          6.781046  2.923783  2.3193 0.0208975 *        
                idDEU          5.146195  1.055095  4.8775 1.569e-06 ***      
                idDNK          0.134884  1.061215  0.1271 0.8989246          
                idESP          3.788864  0.740352  5.1177 4.872e-07 ***      
                idFIN         -0.927887  0.985664 -0.9414 0.3470928          
                idFRA          3.375063  0.906928  3.7214 0.0002273 ***      
                idGBR          4.088203  0.903863  4.5230 8.107e-06 ***      
                idIND          4.317509  2.768192  1.5597 0.1196474          
                idISR         -0.723592  0.810172 -0.8931 0.3723377          
                idITA          2.167881  0.931215  2.3280 0.0204235 *        
                idJPN          1.362207  1.560978  0.8727 0.3833853          
                idKOR         -2.587584  1.531007 -1.6901 0.0918063 .        
                idNLD          1.820869  0.439194  4.1459 4.157e-05 ***      
                idNOR         -2.482334  1.201091 -2.0667 0.0394206 *        
                idRUS          0.667328  1.397222  0.4776 0.6331958          
                idSGP         -1.498698  1.040480 -1.4404 0.1505614          
                idSWE         -1.192026  0.811360 -1.4692 0.1425947          
                idTWN          1.700992  0.419165  4.0581 5.983e-05 ***      
                idUSA          5.848409  1.870404  3.1268 0.0019000 **       
                time2001       7.157739 11.381098  0.6289 0.5297741          
                time2002       7.256265 11.384777  0.6374 0.5242617          
                time2003       7.367470 11.392910  0.6467 0.5182260          
                time2004       7.434302 11.399497  0.6522 0.5146828          
                time2005       7.604198 11.403365  0.6668 0.5052709          
                time2006       7.961619 11.411029  0.6977 0.4857738          
                time2007       8.162290 11.414811  0.7151 0.4750001          
                time2008       8.336777 11.418331  0.7301 0.4657549          
                time2009       8.586834 11.419876  0.7519 0.4525538          
                time2010       8.535505 11.424376  0.7471 0.4554359          
                time2011       8.563020 11.427702  0.7493 0.4541165          
                time2012       8.423770 11.433637  0.7368 0.4617165          
                time2013       8.157699 11.437171  0.7133 0.4761114          
                time2014       8.166841 11.443423  0.7137 0.4758585          
                time2015       7.941323 11.445218  0.6939 0.4881872          
                time2016       8.086957 11.453258  0.7061 0.4805588          
                time2017       8.273268 11.455103  0.7222 0.4705844          
                time2018       7.955937 11.461774  0.6941 0.4880163          
                time2019       7.972250 11.466459  0.6953 0.4873032          
                iis2           0.999387  0.426057  2.3457 0.0194946 *        
                iis17         -1.049404  0.394642 -2.6591 0.0081578 **       
                iis20          1.204058  0.390914  3.0801 0.0022163 **       
                iis21         -1.910603  0.393618 -4.8540 1.755e-06 ***      
                iis26         -1.123713  0.388394 -2.8932 0.0040275 **       
                iis41         -1.428834  0.413432 -3.4560 0.0006086 ***      
                iis44         -2.700044  0.412838 -6.5402 1.936e-10 ***      
                iis56          1.321591  0.394682  3.3485 0.0008918 ***      
                iis57         -0.871963  0.398084 -2.1904 0.0290883 *        
                iis72          1.210405  0.422788  2.8629 0.0044248 **       
                iis101        -1.337610  0.387200 -3.4546 0.0006118 ***      
                iis194         1.517028  0.397348  3.8179 0.0001566 ***      
                iis197        -1.119082  0.391702 -2.8570 0.0045067 **       
                iis269        -1.713874  0.395464 -4.3338 1.868e-05 ***      
                iis272         0.821783  0.392784  2.0922 0.0370683 *        
                iis281        -1.420156  0.402445 -3.5288 0.0004673 ***      
                iis382         1.283770  0.395309  3.2475 0.0012652 **       
                iis406         1.434857  0.391601  3.6641 0.0002826 ***      
                iis407         2.067039  0.393851  5.2483 2.530e-07 ***      
                iis408         2.132636  0.400476  5.3252 1.709e-07 ***      
                iis409         1.768486  0.399192  4.4302 1.226e-05 ***      
                iis410         1.472736  0.405193  3.6347 0.0003157 ***      
                iis419         1.408889  0.403281  3.4936 0.0005314 ***      
                iis437        -0.973866  0.397080 -2.4526 0.0146223 *        
                fesisAUS.2002  1.439943  0.412611  3.4898 0.0005387 ***      
                fesisAUS.2009 -0.763354  0.209124 -3.6502 0.0002978 ***      
                fesisBEL.2008 -0.533479  0.208691 -2.5563 0.0109580 *        
                fesisBRA.2008 -0.617302  0.207215 -2.9790 0.0030729 **       
                fesisBRA.2015  0.651192  0.243345  2.6760 0.0077654 **       
                fesisCHN.2002 -1.655823  0.462394 -3.5810 0.0003857 ***      
                fesisCHN.2004  1.834830  0.322622  5.6872 2.540e-08 ***      
                fesisFIN.2004  0.486861  0.244721  1.9895 0.0473513 *        
                fesisIND.2005  0.693942  0.299115  2.3200 0.0208587 *        
                fesisIND.2008  0.534068  0.261679  2.0409 0.0419328 *        
                fesisISR.2017 -1.003618  0.254638 -3.9414 9.606e-05 ***      
                fesisITA.2002  1.072448  0.390294  2.7478 0.0062790 **       
                fesisJPN.2004 -0.712224  0.243043 -2.9304 0.0035845 **       
                fesisNOR.2019  1.019685  0.388214  2.6266 0.0089647 **       
                fesisSWE.2010 -0.467013  0.186058 -2.5100 0.0124771 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value        
                Ljung-Box AR(1)   0.68481  1 0.40793        
                Ljung-Box ARCH(1) 4.93562  1 0.02631 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.36774      
                R-squared           0.95209      
                Log-lik.(n=475)  -155.81188      

Max Count Wind

0.01

                Formula: max_count_wind~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Fri Mar 22 14:31:36 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.7373440  0.0172958 42.6313 < 2.2e-16 ***      
                lgdp           0.0337842  0.0116437  2.9015 0.0039191 **       
                lpop          -0.1052489  0.0401079 -2.6241 0.0090192 **       
                lbrown         0.0039854  0.0022267  1.7898 0.0742385 .        
                idAUT         -0.0478567  0.0361227 -1.3248 0.1859811          
                idBEL         -0.0282405  0.0273156 -1.0339 0.3018261          
                idBRA          0.1959821  0.0846155  2.3161 0.0210549 *        
                idCAN          0.0386105  0.0195920  1.9707 0.0494437 *        
                idCHE         -0.0775074  0.0388641 -1.9943 0.0467955 *        
                idCHN          0.3558193  0.1538984  2.3120 0.0212826 *        
                idDEU          0.1798391  0.0556025  3.2344 0.0013204 **       
                idDNK         -0.1169165  0.0564972 -2.0694 0.0391481 *        
                idESP          0.1125198  0.0326608  3.4451 0.0006312 ***      
                idFIN         -0.0869004  0.0525536 -1.6536 0.0990022 .        
                idFRA          0.1040187  0.0438154  2.3740 0.0180668 *        
                idGBR          0.1314715  0.0435242  3.0207 0.0026842 **       
                idIND          0.2944048  0.1491008  1.9745 0.0490083 *        
                idISR         -0.0935859  0.0412858 -2.2668 0.0239367 *        
                idITA          0.1031935  0.0405267  2.5463 0.0112609 *        
                idJPN          0.0379628  0.0746427  0.5086 0.6113181          
                idKOR         -0.1263679  0.0701997 -1.8001 0.0725952 .        
                idNLD          0.0059799  0.0146799  0.4074 0.6839648          
                idNOR         -0.1834675  0.0632803 -2.8993 0.0039463 **       
                idRUS          0.0584541  0.0699789  0.8353 0.4040414          
                idSGP         -0.1022352  0.0555932 -1.8390 0.0666581 .        
                idSWE         -0.1206653  0.0396083 -3.0465 0.0024689 **       
                idTWN          0.0272281  0.0100666  2.7048 0.0071267 **       
                idUSA          0.2362562  0.0999148  2.3646 0.0185274 *        
                time2001       0.8217162  0.6184485  1.3287 0.1847132          
                time2002       0.8176988  0.6186820  1.3217 0.1870306          
                time2003       0.8205292  0.6189300  1.3257 0.1856884          
                time2004       0.8192842  0.6192453  1.3230 0.1865790          
                time2005       0.8207471  0.6194859  1.3249 0.1859659          
                time2006       0.8315142  0.6198535  1.3415 0.1805293          
                time2007       0.8298895  0.6202084  1.3381 0.1816300          
                time2008       0.8409026  0.6205642  1.3551 0.1761627          
                time2009       0.8489395  0.6209517  1.3672 0.1723433          
                time2010       0.8361182  0.6213117  1.3457 0.1791517          
                time2011       0.8416713  0.6216512  1.3539 0.1765237          
                time2012       0.8199408  0.6218841  1.3185 0.1880980          
                time2013       0.8181231  0.6220710  1.3152 0.1892094          
                time2014       0.8224550  0.6223401  1.3216 0.1870726          
                time2015       0.8213336  0.6225762  1.3192 0.1878403          
                time2016       0.8255424  0.6229728  1.3252 0.1858725          
                time2017       0.8358055  0.6232592  1.3410 0.1806737          
                time2018       0.8175153  0.6235427  1.3111 0.1905823          
                time2019       0.8271317  0.6237917  1.3260 0.1856049          
                iis141         0.0763562  0.0250443  3.0488 0.0024499 **       
                iis143         0.2608597  0.0249685 10.4476 < 2.2e-16 ***      
                iis146        -0.1874050  0.0265958 -7.0464 8.082e-12 ***      
                iis149         0.1432720  0.0263043  5.4467 8.979e-08 ***      
                iis151         0.1229393  0.0263127  4.6722 4.076e-06 ***      
                iis152        -0.1011439  0.0264195 -3.8284 0.0001497 ***      
                iis160         0.0823936  0.0264863  3.1108 0.0019995 **       
                iis162         0.1286495  0.0263769  4.8774 1.555e-06 ***      
                iis164        -0.1039296  0.0266080 -3.9060 0.0001102 ***      
                iis165        -0.1141005  0.0263671 -4.3274 1.909e-05 ***      
                iis168         0.1212015  0.0262924  4.6098 5.431e-06 ***      
                iis170         0.2104510  0.0323034  6.5148 2.190e-10 ***      
                iis314         0.1559988  0.0236063  6.6083 1.243e-10 ***      
                iis463         0.2839995  0.0241292 11.7699 < 2.2e-16 ***      
                iis464         0.2268188  0.0244907  9.2614 < 2.2e-16 ***      
                iis465         0.3831173  0.0249547 15.3525 < 2.2e-16 ***      
                iis466         0.2042251  0.0265498  7.6922 1.138e-13 ***      
                iis469         0.2809344  0.0322374  8.7145 < 2.2e-16 ***      
                iis473         0.2208166  0.0279000  7.9146 2.463e-14 ***      
                fesisDEU.2006  0.0935870  0.0152010  6.1566 1.809e-09 ***      
                fesisDEU.2013 -0.0489303  0.0167757 -2.9167 0.0037365 **       
                fesisDNK.2007  0.1513386  0.0174167  8.6893 < 2.2e-16 ***      
                fesisDNK.2012 -0.0733187  0.0186141 -3.9389 9.658e-05 ***      
                fesisDNK.2018 -0.0734285  0.0265262 -2.7681 0.0058997 **       
                fesisJPN.2016 -0.0525204  0.0132820 -3.9542 9.079e-05 ***      
                fesisUSA.2013 -0.0819870  0.0250881 -3.2680 0.0011768 **       
                fesisUSA.2015  0.1049136  0.0281643  3.7251 0.0002233 ***      
                fesisUSA.2017 -0.0618875  0.0228079 -2.7134 0.0069470 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.96806  1    0.3252          
                Ljung-Box ARCH(1) 57.96258  1 2.676e-14 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.02227      
                R-squared           0.98574      
                Log-lik.(n=475)  1170.63294      
0.05

                Formula: max_count_wind~ lgdp + lpop + lbrown      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Fri Mar 22 14:31:36 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.7324940  0.0164319 44.5777 < 2.2e-16 ***      
                lgdp           0.0392984  0.0110410  3.5593 0.0004169 ***      
                lpop          -0.1116771  0.0380148 -2.9377 0.0034996 **       
                lbrown         0.0027834  0.0021019  1.3242 0.1861950          
                idAUT         -0.0449459  0.0344997 -1.3028 0.1934032          
                idBEL         -0.0247499  0.0261114 -0.9479 0.3437799          
                idBRA          0.2063101  0.0803522  2.5676 0.0106074 *        
                idCAN          0.0437750  0.0185713  2.3571 0.0189025 *        
                idCHE         -0.0786612  0.0369883 -2.1267 0.0340668 *        
                idCHN          0.3679830  0.1464245  2.5131 0.0123629 *        
                idDEU          0.2001678  0.0529864  3.7777 0.0001826 ***      
                idDNK         -0.1274540  0.0534961 -2.3825 0.0176671 *        
                idESP          0.1147437  0.0310658  3.6936 0.0002522 ***      
                idFIN         -0.0834400  0.0501374 -1.6642 0.0968577 .        
                idFRA          0.1131376  0.0415739  2.7214 0.0067883 **       
                idGBR          0.1413281  0.0412199  3.4286 0.0006703 ***      
                idIND          0.2998228  0.1420292  2.1110 0.0353991 *        
                idISR         -0.0987292  0.0392117 -2.5179 0.0122009 *        
                idITA          0.1111015  0.0384126  2.8923 0.0040351 **       
                idJPN          0.0104495  0.0725417  0.1440 0.8855358          
                idKOR         -0.1554530  0.0670877 -2.3172 0.0210043 *        
                idNLD          0.0106694  0.0139839  0.7630 0.4459281          
                idNOR         -0.1941012  0.0598552 -3.2428 0.0012837 **       
                idRUS          0.0516001  0.0670615  0.7694 0.4420885          
                idSGP         -0.1029550  0.0529747 -1.9435 0.0526672 .        
                idSWE         -0.1302606  0.0374029 -3.4826 0.0005519 ***      
                idTWN          0.0302601  0.0094728  3.1944 0.0015133 **       
                idUSA          0.2530775  0.0950405  2.6628 0.0080644 **       
                time2001       0.7780853  0.5912526  1.3160 0.1889371          
                time2002       0.7742566  0.5914767  1.3090 0.1912856          
                time2003       0.7769483  0.5917129  1.3130 0.1899266          
                time2004       0.7754369  0.5920132  1.3098 0.1910126          
                time2005       0.7791160  0.5922801  1.3155 0.1891192          
                time2006       0.7879714  0.5926209  1.3296 0.1844029          
                time2007       0.7865278  0.5929667  1.3264 0.1854623          
                time2008       0.7980898  0.5932843  1.3452 0.1793284          
                time2009       0.8061267  0.5936310  1.3580 0.1752499          
                time2010       0.7930108  0.5940015  1.3350 0.1826329          
                time2011       0.7937087  0.5943326  1.3355 0.1824922          
                time2012       0.7718633  0.5945710  1.2982 0.1949793          
                time2013       0.7748560  0.5948465  1.3026 0.1934632          
                time2014       0.7789538  0.5951156  1.3089 0.1913233          
                time2015       0.7786033  0.5953493  1.3078 0.1916967          
                time2016       0.7830178  0.5956733  1.3145 0.1894358          
                time2017       0.7922794  0.5959438  1.3295 0.1844638          
                time2018       0.7765535  0.5962194  1.3025 0.1935153          
                time2019       0.7830064  0.5964564  1.3128 0.1900228          
                iis138        -0.0528649  0.0238435 -2.2172 0.0271794 *        
                iis141         0.0734445  0.0234911  3.1265 0.0018997 **       
                iis143         0.2589375  0.0234073 11.0623 < 2.2e-16 ***      
                iis146        -0.1856356  0.0249450 -7.4418 6.240e-13 ***      
                iis149         0.1424496  0.0246615  5.7762 1.547e-08 ***      
                iis151         0.1201979  0.0246827  4.8697 1.618e-06 ***      
                iis152        -0.1004262  0.0247697 -4.0544 6.053e-05 ***      
                iis160         0.0784430  0.0248396  3.1580 0.0017104 **       
                iis162         0.1281513  0.0247270  5.1826 3.494e-07 ***      
                iis164        -0.0974925  0.0249667 -3.9049 0.0001108 ***      
                iis165        -0.1127096  0.0247208 -4.5593 6.850e-06 ***      
                iis168         0.1199792  0.0246478  4.8677 1.633e-06 ***      
                iis170         0.2060804  0.0303009  6.8011 3.842e-11 ***      
                iis314         0.1343095  0.0234856  5.7188 2.116e-08 ***      
                iis322        -0.0622281  0.0246563 -2.5238 0.0119990 *        
                iis463         0.2777594  0.0223846 12.4085 < 2.2e-16 ***      
                iis464         0.2214589  0.0226331  9.7848 < 2.2e-16 ***      
                iis465         0.3788242  0.0230326 16.4473 < 2.2e-16 ***      
                iis466         0.2015985  0.0245040  8.2272 2.791e-15 ***      
                iis469         0.1957072  0.0228181  8.5768 2.229e-16 ***      
                iis470        -0.0845614  0.0231893 -3.6466 0.0003012 ***      
                iis473         0.2222291  0.0261601  8.4950 4.054e-16 ***      
                fesisDEU.2006  0.0866912  0.0151151  5.7354 1.934e-08 ***      
                fesisDEU.2013 -0.0516381  0.0157486 -3.2789 0.0011343 **       
                fesisDNK.2007  0.1558969  0.0163917  9.5107 < 2.2e-16 ***      
                fesisDNK.2012 -0.0744111  0.0174596 -4.2619 2.536e-05 ***      
                fesisDNK.2018 -0.0721418  0.0248706 -2.9007 0.0039311 **       
                fesisESP.2011  0.0985853  0.0166633  5.9163 7.129e-09 ***      
                fesisESP.2013 -0.1103661  0.0172837 -6.3856 4.789e-10 ***      
                fesisJPN.2010  0.0330284  0.0124446  2.6540 0.0082741 **       
                fesisJPN.2016 -0.0591778  0.0156741 -3.7755 0.0001841 ***      
                fesisUSA.2017 -0.0454999  0.0167585 -2.7150 0.0069168 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.13402  1    0.7143          
                Ljung-Box ARCH(1) 38.52404  1 5.408e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.02088      
                R-squared           0.98759      
                Log-lik.(n=475)  1203.33663